The six-storey building will be part of the Hampton by Hilton brand and comprises 240 bedrooms.
Alice Myers, managing director at Puma Property Finance (pictured above), said: “Showing the breadth of our lending throughout the UK, this is the third development we have financed in Scotland in the past year.
- Puma Property Finance completes £9.5m loan to fund care home
- Fortwell Capital agrees £45m development loan for Old Kent Road scheme
- New lender for SME residential developers launches
“It also reflects our ability to transact across a range of sectors, which includes residential, commercial and specialist sector projects, such as healthcare, hotels and student accommodation.”
This announcement follows Puma Property Finance’s recent completion of a £9.5m loan to fund the development of a care home in Greater Manchester.