The loan supports a refurbishment project that includes a planned loft conversion, with planning approval still pending.

Fixed fees and guaranteed turnaround times are built into every report, giving lenders full cost and operational certainty.

This latest deal follows a £626k development loan completed by the lender last week at 70% LTGDV, requiring detailed structuring and close coordination among all parties.

The lender has increased refurb-to-let LTVs to 70% for rolled-up interest and 75% for serviced options.

Limited turnkey stock, rising demand for energy-efficient upgrades and the long-term investment potential of refurbishments are driving a surge in interest.

The property had an expected finished value of £4.25m.

Mera’s loan book has now passed £100 million following recent transactions.

In July this year, Ortus Secured Finance supported the refinance and redevelopment of Dumbleton Hall Hotel, a Grade II listed country house in the Cotswolds.

Maximum works cost for the new product is £500,000.

The 65% LTV funding was based on the market value subject to tenancies.