Larger Senior Loans and Large Bridging Loans
What is a Senior Loan?
A senior loan is a first charge development loan which can be used to acquire property under tight deadlines, avoiding the need for a lengthy mortgage.
Mera Investment Managements offers capital for both residential and commercial properties, with the maximum LTV for residential properties at 75% LTV and commercial properties at 65% LTV - or up to 90% LTV of the total project costs.
We offer up to £50 million in funding for property or business acquisitions, turn arounds, holding and sales periods.
The loan term is 3 to 36 months, but we require interest to be fully served by 24 months. Your security is at risk.
Can You Help With Large Bridging Loans?
Yes, we offer large bridging loans up to £50 million, with a maximum LTV of 75%.
If you are looking to complete on a property purchase with a large value such as £10 million, £20 million or £30 million, we can offer large bridging loans and help you complete in a matter of weeks.
With the vast experience within our team, we understand the attention to detail and terms you require to get a large bridge loan over the line.
Our capital enables real estate investors to bridge the gap between their current financial standing and their desired goals.
What Are Senior Loans Used For?
Senior loans are used for residential and commercial properties including homes, flats, office blocks, rental office space, warehouses, garages, HMOs, student accommodation, hotels and more.
Mera Investment Management does not offer senior finance for heavy developments such as the construction of dams, airports, oil refineries and gas production or any projects with planning risk.
What Are The Requirements For Large Bridging Loans?
We treat every deal on a case-by-case basis, but certain things can help your application move faster and get closer to being approved.
Having a clear exit strategy is always key and to have a clear indication of costings and plannings when you are looking to purchase, develop or refurbish a new or existing property.
A strong and positive track record will always help your application and either way, we are here to guide you with sound financial advise and our experience.
How Do Repayments Work For Senior Loans?
A senior loan is the first priority of repayment, based on a first charge.
The interest is typically rolled up and repaid at the end of the loan term.
Mera Investment Management offers loans that range from 3 months to 36 months, with interest served by the 24 month period.
What is The Purpose of a Large Bridging Loan?
You may be looking to access a large bridging loan for the purchasing of renovating a residential or commercial property, to later sell it for a profit or rent it out to tenants such as individuals or businesses.
We are here to give you access to capital to make your dreams a reality, helping you to make the most of exciting opportunities. We are used to working within tight deadlines and helping ambitious investors to expand their portfolios.
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What Are The Terms For Senior Loans?
Residential - up to 75% of the lower of the market value or the purchase price of the property. Commercial - up to 65% of the lower of the market value or the purchase price of the property
LTC: Up to 90% of the total project costs
Term: 6 - 36 months (interest must be serviced after 24 months)
Locations: Prime central London and across the UK, core regional cities, strong commuter towns, and key growth areas across England, Wales. Jersey and Isle of Man also considered
Purpose: Acquisition, turn around, holding and sales periods
Exclusions: No heavy development or planning risk
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