BTR News Build to Rent (BTR)

The pause is over as Maslow kick starts new lending

Maslow Capital have announced the reintroduction of lending for new projects, including Build to Rent.

Following the launch of its Loan Book Liquidity Fund, which focuses on providing funding solutions for both existing developments and secondary loan books, Maslow have announced they are actively seeking to fund primary ground up developments and conversions.

Since its inception 11 years ago, Maslow has built a strong reputation as a consistent and reliable funding partner, having financed more than 220 projects – delivering in excess of £3bn of GDV and plans to continue to build on that track record.

“We remain focused on core asset classes, staying true to our longstanding experience of funding residential and PBSA developments, while diligently sticking to the key lending fundamentals that have helped steer our credit decisions over the past decade. 

“As the country begins to reopen, we look forward to playing our role in delivering much needed funding to the UK’s SME housebuilders.”

Ellis Sher, CEO & Co-founder, Maslow Capital 

Maslow used the lockdown to assess the market and ensure its efforts are focused on the right opportunities. The reintroduction of lending for new projects shows Maslow’s commitment to the residential, PRS, Build to Rent and Purpose-Built Student Accommodation markets – and to experienced developers who continue to deliver on their plans.

“Unlike the banks, we’re able to avoid some of the regulatory and credit rating pressures allowing us to be very flexible when it comes to loan size, scheme and borrower concentration exposures.

“We are witnessing our experienced developers adapting exceptionally well to the pandemic with new high-quality schemes that deliver core housing at accessible price points. Maslow are really well placed to support them now as we have always strived to in the past.” 

Matt Pigram, Head of Deal Origination, Maslow Capital

Maslow’s long-dated institutional capital allows it to be a consistent provider of funding through market cycles. Despite difficulties post Covid-19, Maslow is committed to the future of delivering housing across the UK. Maslow has assigned substantial capital to both primary and secondary lending activities moving forward.

“Maslow’s goal is to help support developers with a broad range of funding solutions. Our lending capabilities start at £5m and although we can lend significantly more than that, our average loan is £15m which dispels some of the misunderstanding that we only fund very large deals. We fund small, large, straightforward and complex loans.”

Matt Pigram, Head of Deal Origination, Maslow Capital

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