The 27-month term facility will help complete the construction of the 296-unit development One Baltic Square, which was acquired by the developer in March 2021.

The centerpiece of the project will be a square comprising outdoor space for the use of residents, which is being styled around a typical Italian piazza, delivered at a cost of £1m.

Nexus Residential is working together with Legacie Contracts — the construction arm of Legacie Developments — to deliver the scheme, with the first blocks expected to be completed by the end of 2022.

The development is promoted by international sales agent RWinvest, which has successfully pre-sold all the new homes off-plan.

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Michael Gledhill, MD at Nexus Residential, said: “One Baltic Square is our standout residential development in Liverpool and will bring much needed high-quality homes to an increasingly popular part of the city. 

“It has been a pleasure to work with Maslow Capital and its professional origination team in completing the funding of this project — Maslow Capital is a prestigious name and having it support this project and city is a significant vote of confidence. 

“We are looking forward to completing this development and welcoming our first residents later this year.”

Rachael Gordon, head of deal execution at Maslow Capital, commented: “It has been a pleasure working with Nexus Residential on the funding of this scheme, as it moves forward with its plans to deliver an exemplary scheme in an area which is undergoing significant regeneration. 

“We are pleased to support the local supply of housing with a further 296 high quality units and we look forward to working alongside Nexus Residential as the project progresses.”