Mera Investment Management has revised rates on its loan facilities of £20m and above.
The prime real estate lender has changed interest rates for loans of £20m+ and with a term of one year or more to start at 0.85% per month.
Mera specialises in the financing of prime real estate assets—commercial, residential and alternative—in London and the Home Counties, as well as core regional cities and growth areas across England and Wales.
Its residential bridging product goes up to £50m, with new builds, refurbishments and conversions, including high value single units, considered. Loan to value go up to 65% for commercial and 75% for residential.
Mera recently announced its intention to lend £100m over the next 12 months, after securing two additional lines of funding from a US institutional credit investor and a UK fund, respectively.
Edward Matthews, Mera CEO, said: “We’re well positioned to fill the gap for larger loans, and our proposition has been welcomed by borrowers and investors who recognise the shift in pricing and supply and the opportunities that presents.
“As well as being a lender known for high quality, service led lending, we also want to convey that we are agile and commercial in our attitude to product and pricing and will endeavour to ensure that our offering is exactly what the market needs.”
