Maslow Capital supports development of 13 luxury apartments with £14.9m loan
Specialist real estate development finance provider Maslow Capital has announced the completion of a £14.9m senior financing package, supporting the development of Highgate mews, a 13-unit residential scheme in Highgate, London.
The scheme which will be developed by ME Developments, will be completed by autumn 2023.
The luxury development, introduced to Maslow Capital by Arc & Co. will consist of three buildings, between two and three storeys, sitting on a 0.7 acre brownfield site on Denewood Road, in the London Borough of Haringey.
Highgate Mews will continue ME Developments emphasis on residents mental well-being, with the high-quality units being complimented by private terraces, overlooking the surrounding communal gardens, in addition to an onsite spa and gym.
In addition to living roofs and PV Solar panels, timber utilised in the scheme will be sourced from certified well-managed forests and/or recycled materials, ensuring a BRE Green Guide of specification is achieved.
Advising on this £14,9m transaction, Arc & Co. has completed on over £500m of lending in the last 6-months, advising on 36 transactions
James Henry, Deal Originator at Maslow Capital commented:
“Maslow are delighted to be partnering with ME Developments on the delivery of Highgate Mews, which marks another step in ME Development’s already well-established track-record of the delivery of high-quality residential homes.
It was a pleasure working with Arc & Co. on this opportunity, who provided invaluable support.
We look forward to further cementing Maslow’s already strong relationship with Arc & Co. on further opportunities, throughout the remainder of 2022.”
Simon Marshall at ME developments commented:
“It was a pleasure to complete our first deal with Maslow Capital and we look forward to building a strong relationship with them as we embark on our target to build over 500 homes in the next 36 months.
Arc & Co. advised on the transaction and were able to find solutions with Maslow as issues occurred.”
Cameron Hayes at Arc & Co. commented:
“We are delighted to complete on this opportunity with Maslow, who were excellent to work with and helped structure a competitive solution for the client”.
Andrew Robinson at Arc & Co. commented:
“This is the fourth loan Arc & Co. has completed in the last week, totalling over £35m of new lending. We’re very pleased with how the year has started and look forward to another big Q1”.