Avamore Capital

Avamore posts record year

Avamore Capital is celebrating a record year after its loan count reached its largest ever level in 2018.

The specialist lender saw an increase of around 35% on its 2017 loan volumes and its average loan size rising by over 50%. 

This follows the news that Avamore completed four deals totalling close to £9m in two days, in the week before Christmas.

The lender hopes to maintain this success in 2019 and reported that it had a strong pipeline for Q1.

“It’s been an incredible year from closing our largest deal at our lowest rate to finishing the year with our most successful week ever,” said Nikolay Petkov, principal at Avamore (pictured above). 

“As we head into 2019, the relationships we hold are more important than ever and we are looking forward to deepening and widening our partnerships.” 

Avamore stated that it was confident it would be able to stand out among its competitors through the acceleration of its ‘finish and exit’ sub-product . 

It also plans to put greater focus on conversion schemes this year and will offer rates from 6.5% pa. 

“In addition, we will continue to maintain our high service standards in order to help deals progress and close as efficiently as possible,” Nikolay added.

“This – combined with prudent underwriting and a selective approach to transactions – will help us meet our 2019 lending target of £100m and £150m in 2020.”

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