puma property finance

Puma completes £70m of development lending in December

In December, Puma Property Finance provided four new loan facilities totalling £70m.

The recent transactions include Puma’s first development loan in the build-to-rent sector, funding the construction of a 200-unit scheme in a major regional centre.

In addition, the multi-sector development lender completed a £13.5m deal to fund the construction of a retail park in Hampshire, comprising two pre-let retail warehouses which have been pre-sold to an institutional fund.

The funding will also be used to build four further industrial units in the same location.

Puma also completed a £13m loan to fund a student accommodation development, located just 0.5 miles from the University of Brighton campus.

The 99-unit building is the sixth student accommodation scheme the business has financed in the past 18 months, providing over 1,000 new beds.

Its fourth loan facility was an £8.5m development loan for a 60-bed care home in Wilmslow, Cheshire.

“Having closed out another successful year of substantial growth in the Puma Property Finance business, our experienced team look forward with optimism to the light at the end of the pandemic tunnel and to continuing to support professional developers across the UK in 2021,” said David Kaye, CEO at Puma Property Finance.

“We are delighted to have completed these loans which reflect our ability to lend across different sectors and throughout the UK — which is a testament to our dedicated team, especially given the challenges presented by the pandemic.”

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