Parameters
Maximum gearing Up to 90% of cost & 70% of GDV
Loan size From £10m up to £300m
Margins from 3.8%
We consider each potential development project on its own merits but below gives an indication of some key considerations when appraising a new Retirement living scheme.
- Borrower experience in the Retirement living sector
- Location of asset e.g. proximity to amenities
- Demand for Retirement living in the locality
- Potential for supply and demand rebalancing in the near term
- Operator experience
- Viability of exit plan e.g. refinance or sale
"An ever-growing number of seniors are reviewing their housing, support and care needs in the aftermath of the recent global pandemic. To keep up with age-related growth and changing preferences, the retirement living sector will need to boost the supply of retirement communities by over a third by 2040. This is a challenging target for the sector, but one Maslow Capital can play a part in reaching."