The loan has been provided to CKC Properties, refinancing existing debt secured against the asset.
This will enable CKC to optimise the asset’s performance during the peak letting period.
The PBSA scheme is spread over three blocks, ranging three to four storeys, with 134 ensuite studios and communal amenities.
“This £21m facility provides CKC Properties with the headroom to refinance the scheme, stabilise occupancy during the peak letting season and prepare the asset for its next phase,” said Adam Ware, director of structured finance at Maslow Capital.
“We are pleased to support the team at this pivotal stage in the project’s lifecycle.
- B&C Awards 2025: The Video
- Maslow completes £12.35m Chelsea scheme bridge facility
- Maslow provides €30m bridge for Madrid shopping centre to residential conversion
“Although the facility sits at the higher end of the bridging spectrum, we remain committed to financing across the full ticket-size range — from granular loans of £300k upwards — backed by a specialist team with extensive experience in small and large deals.”
The transaction was structured by Maslow Capital’s short-term finance division and introduced to Maslow by real estate debt advisor Beckford Advisory.
Geoff Thomas, CEO at CKC Properties, added: “[Maslow’s] approach aligned seamlessly with our business plan and provided the certainty we needed to move confidently into the next stage of the asset’s lifecycle.
“We value their partnership and look forward to future collaborations.”
Leave a comment