Mera Investment Management has completed a £7.5m bridging loan secured against an industrial warehousing and self-storage project located in Southeast England.
The 18-month facility will allow the borrower time to complete sales and pre-lets across the site, which has attracted several large new occupiers.
Plans include the expansion of the prominent lorry park in addition to the creation of self-storage facilities and warehousing.
Edward Matthews, CEO of Mera Investment Management, said: “It is exciting to close this deal with a valued developer partner who I have had the opportunity to work with before.
“There were complexities to this transaction, including title restrictions, that required a specialist understanding of the risks involved.
“Our expertise, coupled with the existing relationship with the client, meant that we could mitigate these complications and provide a timely solution.”
