Mera Investment Management has completed an £18m residential refurbishment facility to support the transformation of a penthouse in prime central London.
The funding will refinance an existing private banking loan and provide a facility to complete a high-specification refurbishment of the property.
The borrower has an established track record in the ultra-prime market, having previously exited a central London development for more than £60m.
The deal underlines Mera’s confidence in the strength of London’s upper-tier residential sector, which continues to attract significant interest from U.S. and international investors seeking trophy assets.
James Fenwick, senior structured finance analyst at Mera Investment Management, said:
“This is a truly exceptional asset—completely unique within the current market and an absolute showstopper.
“Prime central London continues to demonstrate remarkable resilience, with American buyers in particular showing sustained appetite for ultra-prime residential properties.
“In today’s market, where traditional lenders are tightening credit standards, private capital providers like Mera are stepping up to deliver the speed, flexibility, and appetite that high street banks increasingly cannot match.”
