Case study: MERA backs £3m office conversion near Old Street
Original Article Summary
<p>The project will convert an office building with retail units into 21 residential flats.</p>
PropMatch Curated Analysis
MERA Investment Management provided £3m bridging finance for a London office-to-residential conversion project, highlighting lender appetite for permitted development schemes with established borrowers at 55% LTV.
Investor Relevance
Demonstrates available funding routes for office-to-residential conversions, specific lending criteria and terms, and signals strong lender appetite for permitted development projects with experienced developers in London.
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