The 12-month rolled-interest facility enables the borrower to refinance existing development debt, progress unit sales and optimise their disposal strategy following the earlier sale of two adjacent homes within the completed terrace.
The loan was completed from start to finish in one week.
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Daniel Murray, senior director of short-term finance at Maslow Capital (pictured above), commented: “Small and mid-sized developers are the backbone of housing delivery in the UK, yet they often face the greatest barriers when it comes to securing finance.
“This transaction is a great example of Maslow’s ability to move quickly and provide certainty, enabling our client to complete the refinance within a week and focus on their sales strategy.
“Our agile approach ensures that quality developers can continue bringing well-designed homes to market, even in a challenging funding environment.”
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