The Bramhall-based care home will provide a combination of residential, nursing and dementia care.
Alice Myers, managing director at Puma Property Finance (pictured above), said: “We are delighted this loan will finance a new care home in the Greater Manchester area and provide a high-quality care facility for residents.
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“This latest deal adds to our strong portfolio of residential care developments and reflects our mandate to lend to professional developers throughout the UK and across specialist sectors, including healthcare, hotels and student accommodation.”
This is the second care home the development-focused property finance business of Puma Investments has funded in the past six months, with its loans now totalling £390m.
Puma Property Finance offers a mix of development-focused lending products and has a network of offices across the UK.