Puma Property Finance, part of Puma Investments, the development finance specialists, have announced the relocation of Manager Paul Murphy to Manchester.
This reflects increased lending in the North, having delivered a total of £150m to finance development in the region. Puma has continued to grow significantly in recent years, lending over £200m in new loans in 2019.
Paul Murphy spent several years at LendInvest working as a senior financial analyst prior to joining Puma and nearly five years as a consultant in PwC’s actuarial department before that. Originally from Newcastle, he has a well-established professional network and will continue to build on the lender’s success in moving to Manchester from the London office. After his relocation, he will be looking to work with professional developers in the region to provide loans typically between £5m and £35m.
As well as residential development projects, Puma delivers development loans to finance commercial and specialist sector projects such as hotels, student accommodation and healthcare, including care homes and retirement living. The business offers three core loan products: stretch senior development loans; pre-development bridge finance for site acquisition; and post-development exit finance.
David Kaye, chief executive of Puma Property Finance, said: This move marks a strategic investment into the region and underlines our commitment to further strengthen our national lending activity.
“We continue to see a number of compelling development projects across the country and Paul is well placed to capitalise upon and grow our existing pipeline of new deals in the region.”
Original article featured here…
source https://commercial-mortgages-broker.co.uk/news/puma/
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