The acquisition of the development and bridging loan portfolio represents Maslow’s first participation in the secondary market, with a further transaction currently under consideration.
In aggregate, the portfolio will see more than 438,000 sq ft of new residential, mixed-used and purpose-built student accommodation (PBSA) units delivered across the UK.
The acquisition follows a growing demand for Maslow’s senior debt and stretch senior debt products.
- Maslow Capital completes four major development deals
- Lender completes three major student accommodation deals
- Grainger acquires £26m Manchester PRS portfolio
To date, Maslow has enabled developers to realise projects with a collective gross development value of over £1.6bn.
“This acquisition represents an exciting opportunity for Maslow – enabling us to gain further exposure in target markets across the UK – reinforcing our capability across residential, mixed-use and the PBSA market, in which we see particular growth potential going forward,” said Ellis Sher, co-founder of Maslow (pictured above).
“The purchase of an existing loan portfolio is a first for us and we hope to make further acquisitions of this nature in the future as we further scale our lending.”