£20,000,000 – Nationwide

Puma Property Finance has completed a revolving credit facility of up to £20 million to facilitate the acquisition of residential properties across the UK, primarily but not exclusively as part of a part-exchange transaction. This is the seventh such facility with the same sponsor, having completed the first of these in 2014, and having funded over £70 million of acquisitions and 381 properties in the previous 6 facilities.

The opportunity provides Puma with cross-collateralised loans across multiple properties in multiple locations at any one time, with properties having to meet specific underwriting criteria and leverage limits before being considered for the facility.