Avamore provides funding for complex property conversion

Avamore Capital has teamed up with Pioneer Finance to provide a £570,020 loan to support the conversion of a high street flat.

The principal lender worked with Neil Harris of Pioneer on the deal to support the conversion of the existing duplex flat into two, two-bedroom flats, including a loft conversion and roof terrace.

The properties are situated in a high-value residential area in Hampton Hill, south-west London.

The borrower Adam Saword was the leaseholder of the property and in order for the transaction to go through successfully, he needed to obtain licences from the freeholder.

Neil said that this was the eighth deal he had arranged with Avamore.

“[It exceeds] my expectations each and every time.

“[Its] service is prompt and efficient and I am always comfortable referring my clients to Avamore, particularly because the entire credit team is highly experienced.”

Zuhair Mirza, principal at Avamore, said that it had been great to work with Adam and Pioneer on this project.

“We are pleased that after a number of months, we were able to drive a successful completion.

“Our dedication to the deal is testament to our true commitment to service excellence.

“We will always tackle complexities head on and work to ensure a positive outcome for our borrower and broking partners.”

The borrower’s solicitor was Chamberlain Martin Solicitors, while Avamore’s solicitor was TWM Solicitors and the monitoring surveyors were from Watts Group.

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