Maslow Capital agrees £34 million of new loan facilities
Maslow Capital’s lending grows 20% year on year
Maslow Capital has completed on £34 million of new facilities that will see 240 much needed new homes delivered in Sheffield and Manchester. The schemes comprise more than 158,000 sq. ft. of new residential accommodation and 7,000 sq. ft. of new retail space in Sheffield and Manchester. Work has commenced on the Manchester project with construction due to begin on the Sheffield site during the second half of 2018.
These new facilities mean that Maslow has provided more than £200 million of new loans to developers so far in 2018; a 20% increase compared with the equivalent period last year. This increase reflects both the growing demand for alternative finance from developers in the UK and the broadening appetite for Maslow’s specialist lending approach. It also means that Maslow’s lending in 2018 will enable more than 680 new homes to come to market.
The growing demand we are seeing for our loan facilities this year is encouraging both for the business and for the sector more widely. The combination of our specialist development knowledge, balance sheet strength and structured credit facilities continues to resonate with our clients. These deals reflect the continuing opportunities we see across the UK’s major cities in the north of England, which we expect to be sustained through the second half of 2018.