Avamore Capital has completed a £432,900 refurbishment finance facility for a residential project in Weymouth, providing early-stage liquidity to support UK property investment in regional markets. The loan enables the borrower to begin renovation works while preserving capital, reflecting continued demand for flexible funding among developers and landlords.
The deal included a 75% Day-1 loan-to-value ratio, allowing the borrower to access a higher level of upfront capital. Avamore structured the facility to align with the project’s timeline, ensuring funds were in place as the refurbishment phase begins.
Although the credit profile of the transaction was described as straightforward, the lender adapted the completion process to fit the borrower’s wider funding arrangements. This approach ensured the deal progressed without delays and supported the developer’s broader financial strategy.
Lender flexibility supports deal completion
“I am delighted to have supported the borrower on this Weymouth refurbishment,” said George Poole, relationship manager at Avamore Capital (pictured). “We remained fully committed to the deal while the borrower finalised their broader funding requirements. Providing a 75% Day-1 LTV has given the borrower the strong start they needed to get this project moving.”
The lender maintained engagement throughout the process, adjusting timelines where required to accommodate the borrower’s position. This flexibility ensured the funding remained aligned with the project’s readiness to proceed.
“From a credit perspective, this was a very straightforward case,” said Saif Ali Khichi, underwriter at Avamore Capital. “Our focus was on providing a seamless experience and ensuring we were ready to move as soon as the borrower was. We are pleased to have delivered a high-leverage solution that meets the specific needs of this refurbishment, and we look forward to seeing the project progress.”
Impact on refurbishment finance market
The transaction reflects ongoing appetite among UK lenders to support refurbishment finance, particularly where projects present clear value-add potential and defined timelines. Specialist lenders continue to compete on leverage and speed, offering developers options outside traditional buy-to-let mortgage routes.
What happens next for the property
With funding now in place, the Weymouth property is set to enter its renovation phase. The borrower aims to increase the asset’s value through targeted improvements, with a likely exit via refinancing or sale once works are complete.
Looking ahead, refurbishment finance is expected to remain a core tool for UK property investment, particularly as investors seek to unlock value in existing housing stock. Lender flexibility and structured funding will continue to shape how quickly projects move from acquisition to completion.
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