{"id":10759,"date":"2026-05-04T08:02:41","date_gmt":"2026-05-04T08:02:41","guid":{"rendered":"https:\/\/second-home.uk\/?p=10759"},"modified":"2026-05-04T08:02:41","modified_gmt":"2026-05-04T08:02:41","slug":"avamore-capital-completes-926k-development-loan-in-three-weeks","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=10759","title":{"rendered":"Avamore Capital completes \u00a3926k development loan in three weeks"},"content":{"rendered":"

Avamore Capital has completed a \u00a3926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across the project.<\/p>\n

The facility was structured to accommodate the borrower\u2019s changing cost requirements throughout the development timeline. The lender worked with the borrower to create an adaptable financing structure rather than fixing capital allocation against a static project plan.<\/p>\n

Day-one advance structure<\/h2>\n

The day-one advance component enabled the developer to reclaim costs already incurred on-site, bridging the gap between initial equity investment and ongoing funding requirements. This approach aimed to improve liquidity without interrupting construction progress.<\/p>\n

The transaction required consideration of the borrower\u2019s cost base and project timeline during underwriting. Avamore\u2019s relationship management and underwriting teams completed the deal from legal undertaking to completion within the three-week timeframe.<\/p>\n<\/p>\n

George Poole, relationship manager at Avamore Capital, said the transaction highlighted flexibility requirements in development finance structuring. \u201cEvery project comes with its own quirks, and in this case, it was about understanding the borrower\u2019s cost position and creating a facility that worked around it,\u201d Poole stated.<\/p>\n

Spencer King, underwriter at Avamore Capital, noted the transaction required balancing speed with analytical rigour. \u201cThe complexity around costs and timing meant we needed to be both thorough and realistic, ensuring the deal was structured in a way that protected all parties while still meeting the borrower\u2019s objectives,\u201d King said.<\/p>\n

Market context<\/h2>\n

The transaction follows similar rapid completion timeframes reported by specialist lenders<\/a> operating in the development finance sector. Avamore has previously provided funding for ground-up development schemes<\/a> across various project complexities.<\/p>\n

The deal represents Avamore\u2019s continued activity in ground-up development finance for projects requiring non-standard structuring and accelerated completion timelines. The facility adds to the lender\u2019s portfolio of development finance transactions across early-stage structuring scenarios.<\/p>\n","protected":false},"excerpt":{"rendered":"

Avamore Capital has completed a \u00a3926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across the project. The facility was structured to accommodate the borrower\u2019s changing cost requirements throughout the development timeline. The lender worked with the borrower to create […]<\/p>\n","protected":false},"author":1,"featured_media":9149,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nAvamore Capital completes \u00a3926k development loan in three weeks - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/avamore-capital-completes-926k-development-loan-in-three-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avamore Capital completes \u00a3926k development loan in three weeks - Second Home\" \/>\n<meta property=\"og:description\" content=\"Avamore Capital has completed a \u00a3926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across the project. The facility was structured to accommodate the borrower\u2019s changing cost requirements throughout the development timeline. The lender worked with the borrower to create […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertywire.com\/news\/uk\/avamore-capital-completes-926k-development-loan-in-three-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Home\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-04T08:02:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/second-home.uk\/wp-content\/uploads\/2026\/03\/\u0442\u0440\u0430\u043d\u0441\u0444\u043e\u0440\u043c\u0430\u0442\u043e\u0440\u0438-\u041a\u0438\u0442\u0430\u0439-\u0432\u043d\u043e\u0441-\u0441\u0438\u043b\u043e\u0432\u0438.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/avamore-capital-completes-926k-development-loan-in-three-weeks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=10759\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/second-home.uk\\\/#\\\/schema\\\/person\\\/4d1b4955add7c14742a3be9aaae12292\"},\"headline\":\"Avamore Capital completes \u00a3926k development loan in three weeks\",\"datePublished\":\"2026-05-04T08:02:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=10759\"},\"wordCount\":315,\"image\":{\"@id\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/avamore-capital-completes-926k-development-loan-in-three-weeks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/second-home.uk\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/\u0442\u0440\u0430\u043d\u0441\u0444\u043e\u0440\u043c\u0430\u0442\u043e\u0440\u0438-\u041a\u0438\u0442\u0430\u0439-\u0432\u043d\u043e\u0441-\u0441\u0438\u043b\u043e\u0432\u0438.jpg\",\"articleSection\":[\"Second Home\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=10759\",\"url\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/avamore-capital-completes-926k-development-loan-in-three-weeks\\\/\",\"name\":\"Avamore Capital completes \u00a3926k development loan in three weeks - 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