Avamore Capital’s total lending to date has reached £250m across 189 loans following the completion of a finish and exit deal worth £882,000.
The lender remained operational throughout 2020 and said it closed more transactions than the year before despite challenges caused by the pandemic.
Its enquiry volumes for last year increased by £1.2bn year-on-year to £5.1bn and in February, it closed a finish and exit transaction worth £13.1m which was a record deal for the lender.
Amit Majithia (pictured), principal at Avamore, said: “This is a huge achievement for the Avamore team particularly as it follows an unusual year.
“We are extremely proud of the strength of our loan book which was built based on pragmatism and sustainability rather than just growth which has meant we have never had an impediment to our balance sheet.
“We are of course incredibly grateful to the entire Avamore team, our key brokers, borrowers and third-party service providers who have helped us get to the £250m mark for total loans.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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