The benchmarks coincides with the specialist lender’s eight-year anniversary.

To date, the business has supported 429 developers and helped deliver 2,356 new homes to the market. 

Phil Gould, chief lending officer at Avamore (pictured above), commented: “Looking ahead, Avamore plans to continue looking for innovative ways to lend, through further expansion of our product set and investment into internal efficiencies. 

“Through this, we hope to make this £1bn of property lent against just one of many more milestones to come.

“As we head into our ninth year of business, our focus will be on driving growth effectively.

•   Hilltop launches real estate funding and management platform
•   Avamore completes £6.7m part-complete development loan with Positive Commercial Finance
•   Avamore enters PBSA market

“We have plans in place which will allow us to expedite our processes so that we can transact on more deals in a shorter space of time and focus on engagement with our borrower and broker partners.

“We continue to navigate difficult waters of course but, with an agile approach and a dedicated team, we’re confident in our position to handle any surprise the market might throw our way next. 

“We will keep pushing ahead, remaining committed to driving positive change and doing what we’ve always done ¬— just better.”

In August, Avamore entered the student accommodation sector across the UK, marking its first move outside of its core target market of residential property.