Office address: Cannon Place, 78 Cannon Street, London EC4N 6HL
Website: www.avamorecapital.com
Year established: 2015
Company type: financial services
Employees: 25+
Expertise: property finance, property development finance, specialist finance, specialist lending, lender, real estate finance, bridging finance, development, property developer
Parent company: N/A
Key people: D’mitri Zaprzala (CEO), Philip Gould (chief lending officer), Matt Foley (director of credit), Sabinder Robinson-Sandhu (director of operations), Nicholas Duke (financial controller), Toran Selim (head of asset management), Harry Yates (head of credit analysis), Adam Butler (head of sales)
Financing status: N/A
Avamore Capital is a specialist lender providing tailored funding solutions to property professionals in the UK, specialising in development and bridging loans. Based in London, the company supports a variety of real estate projects, offering bespoke financing options. With a track record of supporting 404 borrowers and delivering 3,477 units to market, it has achieved £687 million in total lending.
Avamore Capital was founded by Michael Dean and Zuhair Mirza in 2015 to address the gap in the property development and bridging lending market. The company quickly identified underserved areas, particularly in the SME development space and has secured institutional funding from two US credit funds. Over the years, it was able to launch innovative products, including the Part Complete Development product and the Refurbishment Bridge product.
Avamore Capital’s lending platform has since exceeded £500 million in total loans issued in 2023, aiming to surpass £1 billion within the next year. The company provides intelligent funding solutions tailored to the real-time needs of property developers, working closely with intermediaries and developers to achieve their goals. In 2024, the company has seen £1.5 billion in new enquiries, with 29% of loans directed towards part-complete schemes.
Avamore Capital provides its clients with an array of key offerings that aim to meet their needs and requirements. These include:
part-complete development: funding for projects that are already underway but require additional capital to reach completion
ground-up development: financing for new construction projects from the ground up, tailored to meet the unique needs of developers
refurbishment product: loans designed to support property refurbishments, enabling investors to enhance and upgrade existing properties
bridging finance: short-term loans to bridge the gap between transactions, providing flexibility and quick access to capital
Avamore Capital is built on a foundation of core values that guide its operations and interactions. These are important for maintaining the company's integrity, fostering teamwork, and ensuring customer satisfaction. Playing a central role in shaping the company's culture and decision-making processes, these values are:
responsive: swift and effective in addressing client needs and market demands
determined: committed to overcoming challenges and achieving goals
loyal: building long-term relationships based on trust and reliability
Avamore Capital’s promotes a working environment that is collaborative and dynamic. It has a fast-paced workplace with a young, flat structure that promotes autonomy while maintaining a strong team ethic. To improve company and employee relationship, the company provides various activities including:
mental health awareness week: activities to improve mental health such as boxing classes
hosting "The Property Funder" podcast: facilitated by co-founder and non-executive Michael Deen, providing insights and discussions
sponsoring the Canary Connections event: a property networking event that is held quarterly in London, Birmingham, and Manchester
Avamore Capital also stresses that industry-wide collaboration and open discussions are essential for fostering diversity in the specialist lending market. It believes that educating young people and attracting external talent can bridge gender diversity gaps and introduce fresh perspectives to the industry. Also, the company’s survey reveals that 90% of developers favour incorporating ESG factors into projects to future proof sites, reputations, and workforces.
D'mitri Zaprzala was appointed as the CEO of Avamore Capital in 2021. Zaprzala’s work history includes holding senior roles at Octopus Real Estate and Dragonfly Property and managerial positions at Octopus Investments and Chelsea Building Society. He earned an MBA from Alliance Manchester Business School.
Supporting the Zaprzala in leading the company are key individuals, including:
Philip Gould, chief lending officer, oversees the company's lending operations, ensuring the delivery of effective financing solutions
Matt Foley, as director of credit, manages credit assessments and risk management processes to maintain financial stability
Sabinder Robinson-Sandhu, director of operations, oversees the company's day-to-day operations, ensuring efficient processes and strategic alignment across all departments
Nicholas Duke, serving as financial controller, handles financial planning and analysis, contributing to strategic decision-making
Toran Selim, as head of asset management, manages the company's asset portfolio, focusing on maximising returns and maintaining quality
Harry Yates, head of credit analysis, leads the credit analysis team, ensuring thorough and accurate evaluations of lending opportunities
Adam Butler, as head of sales, drives sales strategies and client acquisition, expanding the company's market reach
Avamore Capital continuously strives to enhance its services and expand its market presence. A key development in this trajectory is the recent increase in its maximum bridging loan size to £25 million back in April 2024. This strategic move makes Avamore more competitive, attracting larger clients and projects, increasing loan applications, and boosting market share and profitability.
Avamore Capital is also set to exhibit at the upcoming NACFB Commercial Finance Expo in June 2024. This event will provide an excellent platform for networking, displaying its improved offerings, and solidifying its reputation within the industry. Overall, these initiatives collectively demonstrate Avamore Capital's commitment to growth and its proactive approach in adapting to market demands and opportunities.
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