Maslow and M&G team up for UK development loans

George Sell George Sell Uploaded 30 November 2020

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UK: Maslow Capital and M&G Investments have announced a funding agreement that will provide loans to UK real estate developers.

Funds managed by M&G will benefit from Maslow’s specialist construction underwriting knowledge and UK-wide relationships by investing in loans managed and originated by the lender’s platform.

The lending strategy will focus on the delivery of residential, purpose-built student accommodation, build-to-rent, private residential sector, co-living, retirement living, and aparthotel developments.

Marc Rose, chairman and co-founder of Maslow Capital, said: “This transaction is a significant milestone on the Maslow journey and adds further depth to our funding capabilities. The addition of M&G as a partner will complement our existing relationship with Sixth Street, which is about to enter its sixth year.”

Ellis Sher, CEO and co-founder of Maslow Capital, added: “We are committed to supporting UK real estate developers through the cycles, and managing long-dated capital for M&G and Sixth Street allows us to be the kind of patient, flexible, and supportive lender that borrowers need.”

William Nicoll, CIO of private and alternative assets at M&G, commented: “Access to institutional capital is essential for small- and medium-sized businesses to develop much needed housing in the UK. Maslow Capital has a strong track record of working with developers and this agreement should allow our pension fund and institutional clients to benefit from their expertise by way of attractive returns.”

 

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