Avamore Capital the bridging finance and development finance provider has recently closed a transaction which takes their total lending book to in excess of £100m. Avamore Capital has also grown its team to 12 people since inception which is in line with addition of development finance facilities along with a diversification from the traditional family office funding lines which the business was founded upon, to institutional capital lines. Avamore intends to grow the book further, with a target of doubling it over the next 12 months.

Zuhair Mirza, principal and co-founder of Avamore, said: “We are incredibly proud to have reached this significant milestone in our business. We started Avamore Capital as a family office-backed lender and one of our biggest achievements has been building up a strong and stable loan book which has led us to become an institutionally funded lender.”

“We are grateful to everyone that has contributed to our success and we hope that Avamore, our clients, broking partners and vendors will go from strength to strength.”

Michael Dean, principal and co-founder of Avamore, added: “I would like to take this opportunity to thank the Avamore team for contributing to the growth of this business and also acknowledge the fundamental role all of our broking partners and service providers have played in completing each and every deal. At Avamore, we have always recognised that lending is a collaborative process and without our third-party service providers, we could not have reached the point which we are at today. We look forward to deepening and strengthening relationships further in the market and building new connections with those which we have not had the chance to work with yet.”