The development schemes cover asset classes including student accommodation, residential apartments as well as retirement living.
For the 300-unit student scheme in Nottingham — which is expected to reach practical completion in time for the 2021 academic year and comprises of cluster beds, studio accommodation and amenity space — funding totalling £20m has been provided by the specialist lender.
Most of the end units for the 86-unit residential scheme in Salford, Manchester, have already been sold off-plan with construction to commence in July 2020.
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The third deal sees the completion of an 82-unit residential and retirement scheme in Gosport which has a GDV of £35m and will be delivered by the borrower’s own contracting business over the next 21 months.
“One of our stated objectives is to bring diversity to our loan book and these deals reflect that intention,” said Ellis Sher, co-Founder and CEO at Maslow (pictured above).
Sky Mapson, head of the PBSA division at Maslow, added: “With our dedicated lending desks that understand the intricacies of each real estate asset class, our borrowers can be assured that they will be fully supported by a highly experienced team throughout the entire length of the relationship.”