Avamore Capital hits £250m lending

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.”