LTV: 68% (58% including wider site) | LTGDV: 70%
Maslow Capital provided a facility to fund the acquisition and refurbishment of a multi-unit residential scheme in the East of England, with additional property and land providing further security.
The transaction supports the refurbishment of the residential units, which benefit from approved planning permission for conversion to residential use. The location offers strong commuter credentials, with convenient rail connections to major employment centres.
The refurbishment programme is expected to materially enhance the attractiveness and marketability of the completed homes in a location with limited supply of comparable refurbished housing stock. The exit strategy is a refinance of the completed units onto a long-term facility.