Maslow Capital

Marson Property secures £19.8m loan from Maslow for environmentally friendly residential scheme in north London

Maslow Capital has completed a £19.8m loan agreed on a 25-month term to Marson Property for the development of its residential scheme and surrounding ecological habitat park in Haringey, north London.

The project — which was introduced to the lender by Seaford Finance LLP — is set to revive disused railway land, creating an ecological habitat park in the vicinity of the project that will support local and protected species through the establishment of wildflower and long grass meadows, as well as a small pond. 

The ecological park will be separated from the neighbouring residential development using fencing and hedgerows, with special access given to conservationists.   

The residential scheme will consist of 72 units — 16 of which will be affordable homes — spread across four blocks of five and six stories, each positioned on top of a grounded stone plinth.

Residents of the property will have access to electronic car charging points, 29 parking spaces at semi-basement level and storage for 130 bicycles. 

As part of the project’s environmental commitments, the completed scheme will reduce its energy reliance through the use of a combined heat and power system and solar panels.

The project will use gabion walls, cedar shingle cladding and green roofs to reflect and support the ecological setting. 

Ellis Sher, co-founder and CEO at Maslow Capital, said: “It is important we understand that our lending practices and allocation of capital have positive wider environmental and social impacts. 

“We are delighted to support this project which has an affordable housing element and purposeful environmental considerations that integrate the scheme with its surroundings and reduce its overall energy reliance. 

“We will continue to welcome projects with these forward-thinking characteristics.”  

Sky Mapson, deal origination at Maslow Capital, commented: “We were delighted to work with Marson Property and its introducer, Seaford Finance, on this project. 

“The scheme has strong ESG credentials and will provide much-needed housing in the London borough of Haringey.” 

Morris Rothbart, founding partner at Seaford Finance, added: “It’s great to partner with Maslow Capital on the financing of this well-planned and thought through development. 

“The growing importance of the environmental and sustainability credentials of real estate developments is becoming a key issue for all parties involved, including those responsible for financing these projects. 

“This 72-unit scheme is a classic example of a residential development that helps to meet the requirement for local housing, while being in tune with the broader needs of the local community and environment.” 

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