David Kaye

Puma Property Finance secures £200m funding line

Puma Property Finance has secured a £200m institutional funding line.

Puma Investments – the fund management arm of Shore Capital – raised the capital from funds advised by RoundShield Partners LLP and affiliates.

Puma Property Finance provides first charge secured loans to UK property developers, funding projects across the UK with loans of between £3m and £30m.

Puma also has significant experience in specialist sectors, including hotels and leisure, retirement living, care homes and supported living units.

The development finance lender offers three core loans products: stretch senior development loans, pre-development bridging finance for site acquisition and post-development exit finance.

As part of the arrangements, the progressive deployment of the funding line will entitle RoundShield to acquire a stake of up to 25% in Puma Property Finance.

In addition, Driss Benkirane and Max Leeb, managing partner and director of RoundShield respectively, will join the board of Puma Property Finance Ltd.

David Kaye, chief executive at Puma Investments and co-chief executive at Shore Capital (pictured above), said that it was delighted to have secured a significant funding line for its property finance activities.

“There are many high-quality real estate opportunities across the UK unable to access financing from traditional sources. 

“This new partnership with the excellent team at RoundShield will enable us to continue to scale-up our activities with experienced developers to deliver both residential schemes and projects in specialist sectors, including hotels, retirement living, student accommodation and care homes.”

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