“This transaction is a great example of what can be achieved when you have an experienced borrower and broker fully engaged in the process”
– Adam Butler – Avamore Capital
Specialist property lender Avamore Capital has completed a £1.8m refinance facility to support the development exit of four newly built residential properties in the York area, with collaborative working across all parties credited for keeping the deal on track.
The loan was structured to allow the borrower to transition from their existing development facility while retaining flexibility as the assets progress.
An experienced developer with a strong regional track record
The borrower is a well-established developer in York, with a proven history of delivering quality residential schemes in the region. From the outset, both the borrower and their broker remained hands-on throughout the process, with their responsiveness and willingness to share information quickly helping to maintain momentum from credit approval through to completion.
Solicitors also played a meaningful role, turning around documentation efficiently and ensuring all requirements were met in good time to satisfy the agreed deadline. The deal is a reminder that even straightforward refinance facilities benefit from tight coordination between professional parties.
“This transaction is a great example of what can be achieved when you have an experienced borrower and broker fully engaged in the process,” said sales and marketing director, Adam Butler (pictured). “The collaborative approach from day one allowed us to move quickly and deliver a refinance that positions the developer strongly for their next opportunity.”
Credit fundamentals and clear communication
From an underwriting perspective, the deal was supported by a well-structured development exit backed by a borrower with deep local knowledge and a consistent track record in the York market.
“From a credit perspective, this was a well-structured development exit backed by a knowledgeable borrower with a strong local track record,” said Anna Zhabotynska, underwriter at Avamore Capital. “With clear communication between all parties, we were able to work through the finer details efficiently and complete within the required timeframe.”
The transaction reflects a deal type that has become increasingly common as developers across the UK look to refinance completed schemes ahead of sales, preserving liquidity and buying time to achieve the right exit rather than being forced to sell under pressure.
Avamore Capital has been active across the UK refinance and development exit market, and this latest deal reinforces its focus on supporting experienced developers with flexible funding solutions as they transition between projects.
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