NEWS: Maslow Capital completes new facilities enabling £70 million of new developments
Maslow Capital has completed four loan facilities which will allow £70m of new residential and student developments to move forward.
In aggregate, the projects will deliver more than 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 in 2018 so far.
We at Maslow Capital have seen considerable growth in demand and appetite for our senior debt and stretch senior debt products, with our team accelerating both the number of facilities into 2018 and broadening its scope across UK real estate asset classes. To date, Maslow Capital has provided debt facilities to enable the delivery of more than 3.2 million sq. ft. of new accommodation throughout England and Wales, totalling approximately 5,000 new properties and a collective GDV of more than £1.6 billion.
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 so compelling, and we are looking forward to expanding our lending portfolio as we move into the second quarter.