Avamore has received funding from existing providers to lend over £400m in the next two years ahead of a planned expansion of its team.
The lender hopes to double its sales team to eight employees by the end of the year with the appointment of four regional relationship managers to cover its main geographical areas.
Avamore is expecting to hire regional relationship managers to cover London, West of England, West Midlands and East of England.
Furthermore, the lender will hire a sales director later this year.
Avamore hopes to improve its ability to complete transactions by hiring another underwriter and asset manager. It will also create the role of case manager to support the credit analysis team.
Amit Majithia (pictured), principal at Avamore, said: “Our increased lending firepower means that we are very keen to complete deals with as many brokers and developers as possible.
“In order for us to reach our £400m lending target over two years we will now bring in new relationship managers to increase our outbound interactions and to grow our broker relationship base further.
He added: “There are still a lot of brokers and developers who for example have never heard of our finish and exit product and that could be benefitting from it, so we need more people to spread that message for us.”
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.
Follow her on Twitter at @ShekinaMS