Ellis Sher

Maslow Capital completes £100m of new facilities in June



Maslow Capital is celebrating a record-breaking month after completing £100m of new funding in June across four deals.

The funding will see the delivery of more than 1,100 new residential and student accommodation units in Manchester and Glasgow.

Three of the deals – which make up more than 736,000 sq ft – are located in Manchester, while the remaining deal providing 111,000 sq ft of purpose-built student accommodation is in Glasgow.

The development finance lender’s record month follows more than £200m of new development loans so far in 2018 – a 20% increase compared with the same period last year.

These four deals take the total to over £300m for the six-month period ended June 2018.

Ellis Sher, co-founder of Maslow Capital (pictured above), said that June had been a fantastic month for Maslow following a strong start to 2018.

“We’re delighted to meet the growing demand for alternative financing from developers throughout the country. 

“In particular, we’re continuing to see more and more opportunities across cities in the North and in Scotland – with Manchester and Glasgow two prime examples. 

“We expect this trend to continue throughout the year, as well as the broader trend of demand from our clients for our unique combination of specialist knowledge, balance sheet strength and structured credit facilities.”

Sky Mapson, lead PBSA and residential originator at Maslow Capital, added: “The closing of these deals is further proof that not only is the demand out there for specialist funding, but that developers are connecting in a big way with providers who combine a flexible approach with real expertise. 

“That we can close £100m in facilities in just one month is testament to the confidence that we and our clients have in certain parts of the UK and the chronic need for new housing in these cities.

“These deals demonstrate that we have a strong appetite to support regional developments across the country, providing loan facilities with an average size of £25m to experienced sponsors.”


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