Summary:
- Avamore Capital provided a £1.6 million loan to refinance existing debt and fund essential external wall repairs on a 157-bed student accommodation scheme with ground-floor retail, addressing a B2 fire safety rating and enabling compliance with current standards.
- The borrower adopted the Injecta-Clad remediation system, securing regulatory approval and unlocking an estimated £600,000 cost saving compared to a full re-clad, while Avamore structured a flexible interest service schedule aligned with the asset’s monthly cashflow.
- Avamore expedited underwriting amid a time-sensitive process caused by a previous lender’s withdrawal, facilitating a debt restructuring and permitted payment mechanism to maintain project viability and support regulatory compliance.
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