Maslow Capital fund £53.9 million GDV development in Manchester
Maslow Capital complete on a £26.4 million loan that will see the development of 142 serviced apartments and 5 ‘super suite’ residential apartments in Salford, Manchester.
The 5 residential apartments will be known as super suites due to their average size being 2,815 sq. ft. The scheme is to be operated by the Borrower’s own serviced apartment brand and residents will benefit from a 24-hour concierge service, swimming pool, spa, resident’s events, meeting and amenity space with a fully equipped gymnasium.
Commenting, Ellis Sher, Co-Founder and CEO of Maslow Capital, said:
“We were delighted to assist our client in the delivery of their serviced apartment scheme. This is a sector along with hotels that we are focused on and where we have a number of new schemes coming to market later this year.”
Maslow lends across a wide range of real estate assets across the U.K., providing development facilities from £5 million with no upper limit.