Puma Property Finance secures £300m funding line

This capital will enable the business to expand its development lending proposition substantially, offering loans of up to £50m.

Puma Property Finance secures £300m funding line

Puma Property Finance has secured a £300m institutional funding line with Waterfall Asset Management, an investment adviser headquartered in New York.

 

This marks the second institutional funding line it has received, following £200m which was secured from RoundShield Partners in 2018 and remains open for deployment.

This new £300m of capital will enable the business to expand its development lending proposition substantially, offering loans of up to £50m.

David Kaye, chief executive of Puma Property Finance, said: “We are delighted to partner with Waterfall Asset Management.

"This funding line will provide a springboard for the next phase of our growth and reinforces our position as one of the substantial non-bank lenders to the UK development finance market.

"As the mainstream banks continue to eschew much mid-market development lending, we recognise the critical role non-bank lenders play in providing access to capital.

"Borrowers are increasingly looking for lenders who can be flexible and move quickly, as well as bringing a human touch. We seek to address that need.”

James Cuby, managing director at Waterfall Asset Management, added: “Our decision to partner with Puma Property Finance is testament to the strength of their lending business, the professionalism of their team and their impressive growth trajectory.

"Our businesses share the same refreshing approach to relationship lending and we are delighted to support the Puma team’s expansion plans.”

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