Avamore Capital has provided a £432,900 refurbishment finance facility for a residential property in Weymouth, Dorset. The loan was structured with a 75% day-one loan-to-value ratio, enabling the borrower to access capital at the start of renovation works.
The facility was designed to align with the project timeline, with the lender adjusting completion schedules to accommodate the borrower’s broader funding arrangements. The transaction proceeded after the borrower finalised their overall financing structure.
Loan structure and terms
“I am delighted to have supported the borrower on this Weymouth refurbishment,” said George Poole, relationship manager at Avamore Capital. “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.”
Saif Ali Khichi, underwriter at Avamore Capital, described the credit assessment as straightforward. “Our focus was on providing a seamless experience and ensuring we were ready to move as soon as the borrower was,” he said. “We are pleased to have delivered a high-leverage solution that meets the specific needs of this refurbishment.”
Refurbishment finance market context
The transaction reflects continued activity in the UK refurbishment finance sector, where specialist lenders compete on leverage ratios and completion speed. These products provide alternatives to traditional buy-to-let mortgage routes for developers and landlords undertaking value-add projects.
The 75% day-one LTV ratio provided in this case is higher than typical bridging finance offerings, which often require borrowers to wait until project completion for full drawdown. This structure allows developers to preserve working capital during the renovation phase.
Project outlook
With funding secured, the Weymouth property will enter its renovation phase. The borrower intends to increase the asset’s value through refurbishment works, with an anticipated exit through refinancing or sale upon completion.
Refurbishment finance remains a key tool for property investors seeking to add value to existing housing stock, particularly in regional markets where acquisition prices may be lower but renovation costs require structured funding solutions.
