The property finance business — which provides development loans from £3m–30m to finance residential, commercial and specialist sector projects — has already closed more than £100m in property loans so far this year.
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Puma has completed a broad range of deals this year, including a £25m loan to fund the development of retirement flats in Essex and Oxfordshire, another £25m loan to finance PBSA developments in Colchester and Leicester, in addition to £18.5m for the development of two care homes in Greater Manchester.
“I am delighted we have crossed this £500m milestone, which reflects our sustained growth and ability to fund developers in different sectors and regions across the country,” said David Kaye, CEO at Puma Property Finance (pictured above).
“With our experienced team, we are perfectly placed as a reliable lender of choice for professional developers throughout the UK.”