Insights

In an interview with Development Finance Today, Emma talks about how the retirement housing sector is being underserved and the biggest hurdles to the government’s housing targets.  

The words quoted on development lender websites read “fast, flexible, innovative, competitive, experienced, low cost” and indeed our own website here at Maslow Capital quotes words such as “transparent and consistent”. However, when speaking to potential clients and introducers, the conversation inevitably turns to headline interest rates. Of course, the headline rate for a development […]

There has recently been some interesting headlines from trackers of commercial real estate debt activity: Cass Business School and Laxfield Capital. While leverage levels are nowhere near the suicidal levels of the previous cycle, Laxfield reports an increasing level of enquiries for debt at higher than 65% LTV. By contrast, a study by Cass suggests […]

At Maslow, we like the PBSA sector and have actively sought to increase our exposure to it by funding the development of some 2,500 beds with an average debt size of £20m in the past three years. Our view is that student accommodation is a defensive asset class, year-on-year rental growth continues to move in the right direction, operating costs are well defined and there are plenty of institutionally backed platforms looking to buy built stock.

Co-Founder and CEO, Ellis Sher revealed to Development Finance Today that the lender was interested in the secondary market, claiming that acquiring loan books was an efficient way of deploying significant cash on day one, as opposed to ground up development which occurs slowly over time.   See full interview

More than 10 years on from the global financial crisis, there is an abundance of liquidity for new speculative property developments, with lenders fiercely competing for a share of the market.