The lender gained momentum with more than £150 million provided to 14 care developments.
Puma Property Finance provided more than £150 million of care home loans last year, creating approximately 800 new care beds across the UK. Added to the existing schemes under construction, Puma is currently supporting the delivery of more than 1,200 care beds UK-wide.
The previous year, while it delivered roughly the same amount of loans, it created half the volume of new care beds.
Since inception, Puma has now provided more than £500 million of new care home loans, supporting the delivery of 49 care homes and more than 3,500 new care beds nationwide.
As part of expanding its flexible funding solutions to care home developers and operators, last year, Puma announced a landmark partnership with Madison International Realty, a leading global real estate private equity firm. Madison made a significant cornerstone commitment to underpin the launch of the Puma Real Estate Secured Credit Fund (PRESC), which achieved its first close in December, with immediate deployment into a £150 million seed loan book and the securing of a £100 million back leverage facility from Goldman Sachs.
Wide partnerships
This progress positions PRESC as a substantial new entrant in UK real estate credit and enables Puma to offer senior development and stabilisation loans of £20 million to £100 million across the living sector, with a material allocation to the care sector where high-quality provision remains in strong demand.
Puma’s Impact Lending Framework (ILF), which was launched in 2024, also made an impact in the care sector last year. Qualification as an Impact Loan under the ILF provides financial benefits to developers in the form of a fee reduction (up to 1%) on final repayment of the loan. Since launch, there have been over £150 million of ILF care-sector loans across 14 developments, with the first anticipating full certification this year.
“Demand for modern, purpose-built care homes continues to grow while much of the existing stock ages,” said Puma Property Finance’s head of healthcare Tony Throp. “Our focus is on bringing new, high-quality beds to the market in partnership with experienced developers and operators,” he added.
To achieve this, Puma partnered with a variety of care developers and operators, including LNT Care Developments, Care Concern Group, Cinnamon Care Collection, Dunham Care, Zephyr X, Morrison Community Care Group and North Bay Developments.