Maslow Capital supports development of 33 sustainable homes in Cambridgeshire with a £7.3m development loan
Specialist real estate development finance provider Maslow Capital has announced the completion of a £7.3m development loan, supporting Castlemore Homes housing project, consisting of 33 homes in the picturesque Village of Haddenham, Cambridgeshire.
The developer has collaboratively designed these attractive, sustainable homes to provide flexible spaces to suit each homeowners’ individual needs.
Demonstrating their commitment to the environment, Castlemore Homes aim to have all their housing developments reach net zero carbon by 2025, with the developer putting in place thorough sustainability measure to reach this target.
In addition to using sustainably certified timber and harvesting rainwater, each home will be fitted with air-source heat pumps, low energy pendant lighting or downlight to all rooms, integrated solar PV panels, passive windows and sophisticated remote energy management systems.
Significant to Maslow’s mission to deliver much needed affordable housing in the UK, 10 of the 33 homes will be classed as affordable and will be presold to a Housing Association.
Furthermore, the majority of the scheme’s private units will qualify for the Governments Help to Buy scheme.
James Henry, Deal Originator at Maslow Capital said:
“We are delighted to partner with Castlemore Homes with the delivery of this project.
The level of progress that has already been made on site is a testament to their excellent team who have impressed us at every stage.
This project strikes a perfect balance by providing sustainable, very high-quality housing that is affordable to the local demographic and we are excited to see this project come forward to completion.”
Nigel Strudwick, Land Director Castlemore Homes:
“We are pleased to have partnered with Maslow Capital on the funding of our 33-unit scheme in the village of Haddenham, Cambridge.
The transaction was straight forward, which is testament to James Henry and team who have been excellent through the whole process.
We look forward to building our business relationship with Maslow Capital on our future projects.”
Graham Chaston, Chief Executive Officer at Empire Capital Solutions (Debt Advisory & Brokerage):
“We immediately recognised the significant ESG potential on this scheme and indeed additional schemes.
This element with the high calibre team put together by Castlemore made what is effectively their first scheme a competitive placement with some top tier development funders.
Congratulations to Maslow for providing the most flexible structure and solutions together with very sharp pricing.”