£3.65m refurbishment loan backs 18-flat residential conversion
Original Article Summary
<p>A £3.65m refurbishment facility from Avamore Capital will support a complex mixed-use residential conversion while retaining income from existing tenancies.</p>
PropMatch Curated Analysis
Avamore Capital provided £3.65m refurbishment finance at 70% LTGDV for converting a mixed-use property into 18 flats plus 6 commercial units. The deal demonstrates lender appetite for complex conversion projects with dual income streams.
Investor Relevance
Shows current market appetite and terms available for mixed-use conversion projects, particularly relevant for developers considering similar strategies. The 70% LTGDV and 15-month term provide benchmarks for deal structuring.
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