Prime real estate lender Mera Investment Management has completed an £11m facility for a residential property in London’s Holland Park
The bridging facility was used to repay the existing lender and allow the borrower – a property investor with a portfolio across Central London – time to market the asset and achieve best value.
Mera Investment Management specialises in prime, high value property lending.
The detached villa has been developed into a five-bedroom home and is expected to be put on the market in the spring.
The borrower was introduced to Mera’s CEO Edward Matthews (pictured) by Sohail Yasin of Springtide Capital.
Matthews said: “We focus on lending in prime locations and this asset, located on one of London’s premier roads, was a perfect fit for us.
“We worked closely with the borrower and Springtide Capital to tailor the facility and ensure it worked well for all parties.
“This case demonstrates our specific area of expertise, and that Mera is becoming a byword for high quality, prime real estate lending.”
Yasin added: “There were a number of hurdles that had to be overcome, but the team at Mera were commercial and pragmatic throughout the entire process to ensure the successful completion.”
