Real estate development finance provider Maslow Capital has acquired a £100m (€112.7m) UK loan portfolio.
Maslow said it has completed the acquisition of the loan portfolio secured against a blend of land with planning, residential, purpose-built student accommodation (PBSA) and mixed-use development schemes.
The assets are located across regional markets in the UK.
“This represents Maslow’s first participation in the secondary market with a further transaction currently under consideration,” it said.
In total, the portfolio will see more than 438,000sqft of new residential, mixed-used and PBSA units developed.
Ellis Sher, a co-founder of Maslow, said: ”This acquisition represents an exciting opportunity for Maslow, enabling us to gain further exposure in target markets across the UK, reinforcing our capability across residential, mixed-use and the PBSA market, in which we see particular growth potential going forward.
”The purchase of an existing loan portfolio is a first for us and we hope to make further acquisitions of this nature in the future as we further scale our lending.”