Specialist mezzanine lender Maslow Capital has completed its first deal since its acquisition, last month, by Dragonfly Property Finance.
The deal was introduced by London-based commercial mortgage broker Commercial 1 and was on a detached house in Sevenoaks with a gross development value of £1.8 million.
With the senior debt approved, Commercial 1 approached Maslow Capital halfway through the transaction when it became clear that the client was running short of capital to purchase the land. Maslow provided the top-up funding.
Craig Scott, director at Commercial 1, said: “During deals things often don’t go to plan