Maslow Capital has completed a £1.13m developer exit loan for three newly built one-bedroom mews houses in Hounslow, London.
The loan, agreed over 12 months with rolled interest, allowed the borrower to refinance development debt, progress with sales, and plan their disposal strategy after selling two other homes in the same terrace.
Maslow Capital completed the loan in one week.
Daniel Murray (pictured), senior director, short-term finance at Maslow Capital, said: “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.”
