In the midst of a busy year of lending, Puma Property Finance, the development-focussed property finance business of Puma Investments, has completed a loan to finance the development of a 90-bed care home in Harrogate, North Yorkshire.
The state-of-the-art development will provide residential care for elderly people, including residents with dementia, and is expected to exceed typical new-build market benchmarks for quality and standards.
Residents will benefit from a range of facilities, including ensuite wetrooms, a hairdressing salon, private dining room, arts and crafts room, cinema, physiotherapy suite, library, coffee shop, activity rooms and landscaped gardens.
Tony Throp, Director at Puma Property Finance, commented:
“We are delighted to be supporting an experienced, family run care home developer-operator with the development of this premium care home in Harrogate. This is the second transaction we have closed with this client, following the successful completion of their care home development in Carlisle earlier this year.”
About Puma Property Finance
The business delivers development loans from £5 million to £50 million to finance residential, commercial and specialist sector projects such as student accommodation, hotels and healthcare, including care homes and retirement living. It offers three core loan products: stretch senior development loans; pre-development bridge finance for site acquisition; and post-development exit finance. In 2020, it funded new projects with a total value of over £200 million – and it continues to expand its lending activity in both deal volume and size.
Find out more
For more information on any of our lending products, please contact one of our dedicated professionals on 0207 647 8160 or [email protected] or visit our property finance website for more information at www.pumapropertyfinance.co.uk