MERA Investment Management Closes £1.63m Dalston Development Loan
UKPulse Property Desk
MERA Investment Management has completed a £1,627,500 development exit facility for a property in Dalston, East London.
- The loan refinances a three-bedroom house and a commercial unit.
- The transaction was completed in four weeks.
- The facility has a 75% Loan-to-Value (LTV) on the residential element and 70% on the commercial element.
MERA Investment Management has finalised a development exit facility totalling £1,627,500. This loan is for a developer refinancing a three-bedroom house and a commercial unit located in Dalston, East London.
The transaction was completed within four weeks. The facility features a 75% Loan-to-Value (LTV) for the residential part and a 70% LTV for the commercial elements of the property.