Maslow Capital supports an environmentally focused residential scheme in London with a £19.8m loan facility
London, 12th Oct 2021– Specialist real estate development finance provider Maslow Capital has announced the completion of a £19.8m senior financing package, supporting Marson Property’s 72-unit residential scheme and its surrounding ecological habitat park in the London borough of Haringey. Haringey is a popular residential location within London with strong transport connections to Central London and a forecasted five year house price increase of 27%.
Maslow Capital are proud to support this innovative scheme, which is set to revive disused railway land, creating an ecological habitat park in the vicinity of the project that will support local and protected species through the establishment of wildflower and long grass meadows, wildlife friendly planting of fauna and a small pond. The ecological park will be separated from the neighbouring residential development using fencing and hedgerows, with special access given to conservationists.
This carefully planned project, which was introduced to Maslow by Seaford Finance LLP, will consist of 72 units spread across four blocks, ranging from 5-6 stories, each positioned on top of a grounded stone plinth. Of the 72 units, 16 will be affordable. At ground floor, gabion walls will create a sturdy base that helps bed the scheme into the landscape. Cedar shingle cladding will be installed to reflect the ecological setting. Green roofs will also offer habitat for existing ecology.
Residents of the property will have access to electronic car charging points, 29 parking spaces at semi-basement level and storage for 130 bicycles. Continuing with the project’s environmental commitments, the completed scheme will reduce its energy reliance through the use of a combined heat and power system and solar panels.
“It is important we understand that our lending practices and allocation of capital have positive wider environmental and social impacts. We are delighted to support this project which has an affordable housing element and purposeful environmental considerations that integrate the scheme with its surroundings and reduce its overall energy reliance. We will continue to welcome projects with these forward-thinking characteristics.” Ellis Sher, Co-founder & CEO at Maslow Capital
“We were delighted to work with Marson Property and their introducer, Seaford finance on the financing of this project. The scheme has strong ESG credentials and will provide much needed housing in the London Borough of Haringey.”Sky Mapson, Deal Origination at Maslow Capital
“It’s great to partner with Maslow Capital on the financing of this well planned and thought through development. The growing importance of the environmental and sustainability credentials of real estate developments is becoming a key issue for all parties involved, including those responsible for financing these projects. This 72-unit residential development is a classic example of a residential development that helps to meet the requirement for local housing while being in tune with the broader needs of the local community and environment.”Morris Rothbart Founding Partner, at Seaford Finance