Refurbishment Loan on Portfolios

Providing facilities to experienced developers for refurbishment of portfolios of residential property.

Our approach

We provide unregulated loans secured against a portfolio of properties undergoing refurbishment. This portfolio-based approach allows projects to be added and refinanced during the life of the facility, ensuring rapid completion of refurbishment and successful refinance under a commercial mortgage.

Facility length

Up to 24 months to accommodate multiple refurbishments (typical project is 9 months, drawing against individual project must not exceed 12 months)

Target facility size

£3m – £20m

Portfolio approach

Ability to accommodate a portfolio of multiple refurbishment projects under a single facility


First charge on property and borrowing vehicle

Net advances against qualifying properties

Capped at 65% of value

Pre-Development Bridge

Finance of land or existing buildings for development

Qualifying property criteria

Funding is available for projects:

  • with a minimum of six self-contained residential units
  • within established residential locations
  • with proportionally high transient populations
  • properties must be freehold or leasehold (over 80 years)
  • all properties subject to valuation and structural surveys (where required)

Indicative fees and interest1

Fees  Details
Arrangement fee 1.5% Amount payable at outset
Interest on allocated funds 8% p.a. Payment on sale or refinance of the qualifying property from allocated funds then released monthly against project monitor recommendation and invoices
Interest on non-utilised funds 5% p.a. Cash payable by developer. No non-utilisation fees charged for first six months of facility. Three months’ non-utilisation payments to be held on deposit throughout life of facility

1Interest and fees are indicative only and will depend on the individual characteristics of the transaction

Key Documents

The activities of Pre-Development Bridge financing, Development Loan financing, including Development Exit Lending and Refurbishment Finance do not constitute regulated investment business under the Financial Services and Markets Act 2000. As such, clients of Puma Property Finance will not be afforded the protections available under the rules of the Financial Conduct Authority (“FCA”) and will not be eligible for compensation under the rules of the Financial Services Compensation Scheme (“FSCS”).

Reliance and Liability
All forward looking statements in this presentation (including the various terms “expects”, “may” or “will”) involve risk and uncertainty because they relate to future events or circumstances and should not be taken as any representation that such trends or activities will continue in the future. Although Puma Property Finance has taken care to ensure that the information in this presentation is accurate and complete, Puma Property Finance, Puma Investments and their respective affiliates, directors and employees assume no responsibility or liability whatsoever for the accuracy or completeness of the information or for any direct, indirect or consequential loss or damage howsoever arising. Any facts or statements in this presentation should not be relied upon. Neither Puma Investments nor Puma Property Finance nor any of their respective affiliates have any responsibility to update any of the information provided in this presentation.