Avamore Capital has completed a £4.4 million development refinance facility for a residential project in Shoeburyness, Essex, enabling the scheme to proceed to construction within a constrained timeframe. Project detailsThe scheme has full planning consent for residential development aimed at owner-occupiers, with a gross development value of approximately £4.4 million. Adam Butler, director of sales and marketing at Avamore Capital, said: “Experienced developers don’t always fit neatly into rigid lending frameworks, particularly when timing is critical. Avamore Capital took additional security across the wider group to refinance the existing debt and provide funding certainty at a critical stage. The scheme is now proceeding to construction with the refinancing completed within the required deadline.