Avamore Capital

About Avamore Capital

Founded in 2015 by Michael Dean and Zuhair Mirza, Avamore Capital was set up specifically to serve the gap in the market for SME property developers — a segment that larger banks had underserved for years. The London-based lender has since grown to over £687 million in total lending, funding more than 3,477 units across England and Wales, and has secured institutional backing from two US credit funds.

Avamore has a strong claim to be one of the sector's genuine product innovators. They were the first lender to introduce the Part Complete Development product to the UK market — a facility designed for projects that are already underway but need additional capital to reach completion. That kind of practical, developer-centric thinking runs through everything they do.

The team is led by CEO D'mitri Zaprzala, who brought experience from Octopus Real Estate and Dragonfly Property Finance. The lender is known for its transparent processes, dedicated Asset Manager model, and a willingness to get into the detail of complex schemes where other lenders look for reasons to decline.

Bridging Loans from Avamore Capital

Avamore's bridging product covers residential property acquisitions and developer exits, with loans from £250,000 to £25 million, LTVs up to 75%, and rates from 0.56% per month — competitive for a lender operating in the development and bridging crossover space. Terms run up to 24 months. The product is primarily aimed at developers who need a bridge before entering or exiting a development facility, rather than straightforward residential purchases.

Full Product Range

• Bridging Finance – Short-term loans for site acquisitions, developer exits, and pre-planning bridges. Rates from 0.56% per month, up to 75% LTV.
• Ground Up Development – Finance for new residential and mixed-use schemes from land acquisition through to completion.
• Refurbishment Product – Covers light, medium and heavy refurbishments, including conversions of commercial and residential properties, with an optional additional build facility unlocked once planning is granted.
• Part Complete Development (PCD) – Avamore's market-first product for part-built schemes needing capital to reach completion.
• PBSA Product – Specialist funding for refurbishment into student accommodation, with rates from 0.58% per month.
• Flexi-Term – Longer-term finance offering bridge-style flexibility with rates from 0.91% per month and up to 70% LTV.

How to Apply with Avamore Capital

Avamore works closely with intermediaries and direct borrowers. Every loan is assigned a dedicated Asset Manager from day one, who handles ongoing monitoring, drawdowns and redemption. Initial enquiries lead to a credit committee review, after which heads of terms or a Decision in Principle is issued. The team is happy to discuss cases at any stage, including early-stage development appraisals.