Maslow Capital provided a £50m two-stage facility for Linear Living, supporting the borrower’s plans for a major new residential development at Lord Street, Manchester, through a pre-gateway bridging and follow-on development facility.
Through our multi-product offering, we can support sponsors with Bridging and Development finance under a joined-up approach that streamlines documentation, reduces duplicated due diligence and legal work, and provide a clearer, more efficient route from acquisition to delivery.
The 251-home apartment and townhouse scheme at One Lord Street is positioned as a key gateway into Manchester city centre and will contribute to the Green Quarter’s long-term regeneration vision. The proposed 23-storey development underscores the project’s scale and prominence within Manchester’s evolving skyline.
The site also sits on the edge of the Strangeways and Cambridge Strategic Regeneration Framework area, a joint initiative being progressed by Manchester City Council and Salford City Council to guide long-term transformation and investment.
The transaction marks the second time Maslow Capital has supported Linear Living, having previously provided £18m of financing for its Trafford Gardens development in Manchester.
Sky Mapson, Senior Director, Origination at Maslow Capital, commented: “Maslow Capital specialises in structuring finance that supports sponsors through each stage of the development cycle. Agreeing both phases from the outset, pre-gateway, gives sponsors a level of certainty that’s hard to achieve in today’s market. We’re particularly pleased to be working with Linear Living again following the successful funding and delivery of Trafford Gardens, and to support the team as it advances another prominent Manchester scheme.”
Rachael Gordon, Head of Deal Execution (UK & Europe) at Maslow Capital, added: “Manchester continues to attract sustained demand and institutional investment, with regeneration frameworks helping to shape the next phase of city-centre growth. In that environment, projects benefit from funding that is aligned to deliverability and sequencing, and we are pleased to support Linear Living as it progresses plans for a landmark scheme at Lord Street.”
Stephen Holmes, CEO at Linear Living, said: “Securing a joined-up bridge-to-development facility was a key priority as we progress One Lord Street. Having bridging finance available at pre-gateway, alongside an agreed follow-on development facility once gateway approval is achieved, provides certainty and keeps the project moving forward. We valued Maslow Capital’s constructive, solutions-led approach and look forward to progressing proposals that will support the Green Quarter’s continued regeneration.”
