Maslow Capital provided a £3.12 million developer exit loan secured against a newly completed residential development in Wickford, Essex. The funding enables the borrower to transition from development to sales while maximising returns.

Project & Borrower Background

The development consists of five executive detached homes within a gated infill site. It includes one refurbished and extended house, alongside four newly built five-bedroom detached homes. Each property features spacious layouts over two floors, large gardens, garages, and driveways accommodating two to three cars.

Key Highlights & Market Demand

• High-quality executive homes – The development comprises five detached houses, all completed to a high standard with generous internal space and outdoor amenities.
• Strong sales interest – Offers have already been received on a number of the plots, reflecting strong market demand.
• Well located – Wickford benefits from a prime location with access to open countryside and the seaside, while also boasting direct transport links to London. Situated within the jurisdiction of Basildon Borough Council and Essex County Council, the development is further supported by a growing residential community to the north.

Results

Maslow Capital’s developer exit loan allows the borrower to complete the sales process without financial pressure, ensuring the best possible returns on their newly built homes. With strong buyer interest already in place, the development is well-positioned for a successful exit.