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20 May 2019

Charles Russell Speechlys advises Puma Property Finance on a £25m development loan to fund retirement flats in Essex and Oxfordshire

Charles Russell Speechlys has advised Puma Property Finance, a company that has been providing finance to professional property developers around the UK and across multiple sectors for more than 30 years, on a £25 million loan to finance the development of two retirement living facilities in Essex and Oxfordshire. This transaction further builds on Puma Property Finance’s extensive activity in the retirement living sector.

Puma Properties Finance has a track record of more than £400m of real estate loans and construction projects to date. With a wide cross sector experience they offer development loans, pre-development bridges and development exit loans.

Eliot Kaye, Director of Puma Property Finance, who led the transaction commented: "We are delighted to have completed this loan facility within 10 weeks of first meeting the developer – a testament to our strong team. With clear, ongoing demand for retirement living developments, this is an attractive area where Puma Property Finance can make a difference to those seeking to downsize into high-quality developments that meet their needs."

Banking & Finance partner at Charles Russell Speechlys, Daniel Sullivan commented: "We were delighted to act for Puma Investments on this transaction, funding a growth asset class."

The Charles Russell Speechlys team, led by Daniel Sullivan, also comprised Senior Banking & Finance Associate Susan Mitchell, Real Estate & Construction Partner James Worthington and Associates Lydia O’Hagan, Ajay Rana and Raza Anjum.