Page 3 - Supplement - Bridging & Commercial Magazine Issue 5
P. 3

 11% on the previous year. With developers increasingly eyeing the rental market as a solution, this will cause a dramatic shift to their original exit plans.
Experienced developers with business plans may still get
stuck on their projects, with time running out on their existing build facility and construction works
yet to be completed, lenders
need to be more reactive and dynamic when it comes to meeting the needs of developers.
Avamore Capital has pioneered such a solution: the Finish & Exit product. This offering is tailored for schemes which are not eligible for a traditional developer exit because the project has not been sufficiently completed. In these scenarios, Avamore offers options such as early equity releases pre-practical completion or additional liquidity to complete developments where the existing facility has expired or there is no build facility remaining.
Since this was introduced,
similar product launches from other lenders suggest that the development finance market is becoming increasingly supportive of the varying hardships of today’s borrower and mitigating the resultant problems in order
to keep the UK building.
“Lenders need to be more reactive and dynamic when it comes
to meeting the needs of developers”
  “Avamore offers options such as early equity releases pre-practical completion
or additional liquidity to complete developments”
 





















































































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