Maslow Capital provided a bridging loan of €2.196 million, secured against two residential units in St Albans, Hertfordshire. This loan facilitated the final stages of the developer’s project, allowing for the successful sale of the remaining properties in a newly completed development.

Project & Borrower Background

The secured assets are two freehold houses with 3 to 4 bedrooms, situated in a private gated development in St Albans city centre. The broader project consists of nine new-build houses, seven of which had already been sold prior to financing.

Key Highlights & Market Demand

• Prime Location: The development is located within walking distance (0.8 miles) of St Albans City train station and (0.9 miles) of St Albans Abbey station, providing excellent transport links to London St Pancras with trains running every 5-10 minutes and journey times of 20-35 minutes.
• Strong Market Demand: The site benefits from high demand due to its sought-after Hertfordshire location, attractive housing design, and premium amenities within a gated community.

Results

This facility enabled our borrower to complete the sales process efficiently, maximising returns on their investment while ensuring the continued success of the development. Maslow Capital’s flexible financing solution provided the necessary liquidity to finalise the project in a competitive housing market.