Maslow Capital completes new facilities enabling £70m of new developments
March and April saw the completion of four loan facilities which will allow £70m of new residential and student developments to move forward.
In aggregate, the projects will deliver 214,000 sq. ft. of new accommodation, including 118 new homes and 326 new student beds. The schemes are located in Manchester, Bournemouth, Colchester and Croydon, further supporting Maslow’s strategy of diversifying its lending activity across the UK’s key regional cities. The projects will increase the GDV of developments financed by Maslow Capital to more than £220m thus far in 2018.
We have seen considerable growth in demand and appetite for our senior debt and stretch senior debt products, with the team accelerating both the number of facilities and broadening its scope across UK real estate asset classes in 2018. You can expect this trend to continue as we focus on varied real estate niches.
2018 is shaping up to be an exciting year for Maslow Capital and we are seeing substantial growth in demand for our loan products from an increasing range of developers and intermediaries. Our ability to interpret our clients’ needs, identify the right funding solution and execute the facility quickly and rigorously, provides us with a real competitive advantage. We are delighted that clients continue to find the combination of our development sector knowledge and speed to market compelling, and we are looking forward to expanding our lending portfolio as we move into the second quarter.
This was also featured in Property Week online, read it here.