Puma Property Finance complete two new loans, delivering £18m in development finance
We’re delighted to announce that Puma Property Finance has recently completed two development loans that will finance a 71-bed care home in Greater Manchester and a unique residential development in London.
Providing £18 million in loans, these diverse projects reflect our broad lending mandate to deliver development finance across a range of sectors and throughout the UK. We partner with professional developers to finance residential, commercial and specialist sector projects – ranging from hotels to student accommodation and healthcare, including care homes and supported living.
In Greater Manchester, we are financing the development of a care home in Bramhall, just south of Stockport city centre. Our £9.5 million loan for site acquisition and redevelopment will help create a 71-bed care home, offering its residents a combination of residential, nursing and dementia care.
In West Norwood, a residential area in south-east London, our loan of £8.3 million will finance the redevelopment of the former West Norwood Tennis & Squash Club. This project will see 32 new residential apartments constructed, as well as a new tennis club and fitness centre.