Maslow Capital deploys £20m loan for Legacie Developments' mixed-use scheme in Salford Quays

Maslow Capital has completed a £20m facility — agreed on a 21-month term — for the construction of Legacie Development’s new mixed-use scheme in Salford Quays.

The Merchant’s Wharf development will offer over 196 waterfront apartments, commercial space and an onsite gym to a newly established neighbourhood.

This is the second Legacie Developments scheme Maslow Capital has supported, having provided a £22m funding package for its previous Parliament Square project in February 2020.

Ellis Sher, co-founder and CEO at Maslow Capital, said:  “This is another fantastic partnership with Legacie Developments, who we have supported across two large scale transactions to date. 

“We are delighted to continue this partnership with the funding of Merchant’s Wharf, which is being constructed with both the end-user and investor in mind.”

John Morley, founder and managing director at Legacie Developments, added: “Having the support of Maslow Capital is a significant vote of confidence in our work and a huge boost for our future plans. 

“We utilise a proven and successful off plan sales model and this completion demonstrates the effectiveness of this approach when developing residential schemes. 

“We are delighted to be partnering with Maslow Capital again on what will be our first major development in Manchester.” 

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