Puma Property Finance completes two development loans totalling £25m for new state-of-the-art care homes in Cambridgeshire and Bristol.
The loan facility will finance the creation of two state of the art care homes in Cambridgeshire and Bristol. Incorporating carefully designed features to enable the delivery of excellent care, both developments will be spread over three storeys and include premium facilities such as private dining areas, a spa and a cinema. The care homes are due to complete in 2021 and 2022, respectively.
Over the past few years, Puma Property Finance has funded the development of more than 1,050 new care beds across the UK, including developments in Lancashire, Wolverhampton, Merseyside and Manchester. We are pleased that this latest transaction will add a further 150 beds to the care home sector and support the provision of regional healthcare in the East and South West of England.
Tony Throp, Director at Puma Property Finance, led the deal and commented:
“We have been lending to the care home sector since 2013 and are pleased to be supporting another highly regarded care home operator, who provides high quality accommodation alongside outstanding personal care.”