The total sum lent has supported 346 developers and helped deliver over 2,300 new homes.

Avamore reached this milestone by expanding its product set, loan size and geographic lending areas.

The lender now offers four core products across all of England and Wales: development, refurbishment, part-complete development, and bridging.

Recently, the firm revamped its entire product range — now with fixed and floating rates — and introduced a bridging and development finance calculator.

On the journey to achieving £500m of lending, the finance provider increased its team to 27 people.

Looking ahead, the business aims to lend more in its core areas, as well as continue to improve its offering.

•   New brokerage Elan Property Finance enters market to provide 'friction-free finance'
•   Avamore refreshes product range with fixed and floating rates
•   Avamore reintroduces commercial bridging amid product refresh

It also plans to invest in technology to drive internal efficiencies, and work with funders to continue providing support to brokers and borrowers.

D’mitri Zaprzala, managing director at Avamore (pictured above), said: “We have continued to improve year after year, smashing targets and always going that little bit further to do better.

“True to this sentiment, while we celebrate the accomplishment of £500m of lending, £100m comes from 2022 alone.

“Naturally, the past few years have seen challenges and we continue to navigate difficult waters, but with our dedicated team, supportive funding lines and agile approach, we’ve never been in a better position to take on what the market might throw our way next.

“We plan to keep pushing ahead as ever and, in essence, we’re going to do what we’ve always done — just better.”