Maslow Capital provides £26.7m loan for north London residential project

Maslow Capital has completed a £26.7m development loan agreed on a 24-month term for Meadow Partners’ 76-unit residential scheme in Willesden Green, north London.

The development will see the demolition of a vacant used car garage and the construction of a part-seven and part-four storey building comprising 76 flats, 13 of which will be affordable.

Residents will also benefit from secure basement parking for 18 cars and cycle storage for 138 bicycles.

The scheme will be constructed by HG Construction Limited and is set to be completed in January 2023.

Anthony Raud, associate at Maslow Capital, said: “We are thrilled to be supporting an institutional and globally recognised real estate firm in Meadow Partners. 

“It understands the London residential development market and this well-positioned scheme will benefit from its proven track record and experience.”

Emma Burke, deal origination at Maslow Capital, added: “Maslow Capital have had the opportunity to partner with some of the UK’s most respected property companies for over a decade. 

“Examining each scheme on its own merits rather than a list of pre-defined rules give us added flexibility to complete complex transactions and deliver for our clients. 

“We look forward to working with Meadow Partners and its team on this excellent scheme, which is set to breathe new life into under-utilised land.” 

David Yeadon, executive director at SPF Private Clients, who introduced the deal to the lender, commented: “Many thanks to Anthony, Emma and the wider Maslow team for their invaluable support with this transaction. 

“As always, the team’s experience and professionalism throughout the entire funding process has been first class and we look forward to concluding further pipeline opportunities on behalf of our client with Maslow.” 

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