Avamore launches bridging and development finance calculator

Avamore Capital has introduced a new bridging and development finance calculator.

The new feature — which operates on the same model the internal team uses to manually generate terms — allows brokers to directly get indicative terms for bridging, refurbishment/conversion, finish and exit, and ground-up development loans, thus speeding up the lending process. 

The platform also allows intermediaries to adjust figures, create multiple options for clients, and download the indicative results.

The launch of the calculator is part of Avamore’s plans to invest in technology to increase efficiency and transparency and support the lender-broker relationship by making the interaction between parties easier, speeding up the process and ensuring minimal friction points.

The lender also intends to build an end-to-end loan servicing platform, which will include broker and developer portals for deal and loan tracking.

In addition to its investment in IT infrastructure, Avamore has also recently made hires across all departments in order to continue offering brokers and clients access to an expert team for their cases.

Sabinder Robinson-Sandhu, head of operations and marketing at Avamore Capital (pictured above), said: “This is a hugely exciting step for the Avamore team. 

“We have discussed launching a calculator for some time, but wanted to ensure that whatever we introduced to the market was completely accurate, user-friendly and created a high-quality user experience. 

“Naturally, no tool can ever replace a lender-to-broker conversation, but our aim with the calculator is to empower the broker to sense check the deal, secure the client’s interest and then collectively, we will be in a strong position to move the deal ahead as quickly as possible. 

“We look forward to receiving more feedback from the market and later bringing to life changes planned for further down the track at Avamore.”

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