Avamore Capital secures Shawbrook funding line

Avamore Capital has secured a new multi-million-pound funding line with Shawbrook Bank.

The funding is an addition to three existing lines is being used to streamline funding processes and aims to allow access to capital at a faster pace, said Avamore.

Philip Gould, chief lending officer at Avamore, commented: “I am thrilled to have secured our third institutional funding line, and Avamore’s first with a UK specialist bank.

“Throughout the process it has been clear that Shawbrook not only share our outlook on the UK residential property market but also our ambition to provide innovative finance solutions that meet the needs of SME property developers and investors.”

Neil Rudge, chief commercial banking officer at Shawbrook, added: “Avamore Capital is an established brand in the development and bridging finance market, with a proven ability to originate high quality loans and to develop long-standing client relationships.

“Their sector expertise, strong credit controls and comprehensive asset management capabilities are impressive and we’re looking forward to providing the funding certainty that will support their future growth.”

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