The development — registered for the Help to Buy scheme — will consist of two-, three-, four- and five-bedroom homes in the coastal town, and will include 39 private units.
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The scheme will provide 66 affordable homes, which have been pre-sold to West Kent Housing Association in order to deliver accessible housing for the local community.
This is said to be the largest single development in the Walmer area and is scheduled for completion in 2021.
The site also has planning for a further 118 homes to be developed in the future.
Eliot Kaye, managing director at Puma Property Finance, commented: “The appealing mix of units in the scheme, coupled with the excellent location and strong developer brand should deliver an attractive product as the units come to market.
“As well as funding commercial, mixed-use and operational developments, such as care homes, student accommodation and hotels, we are able to draw on our longstanding expertise financing residential developments to deliver for our clients."