Specialist development lender Puma Property Finance has bolstered its nationwide presence with the relocation of one of its managers, Paul Murphy, to Manchester.
The move underlines the firm’s sustained growth of the Puma Property Finance loan book. In 2019, the business completed over £200 million of loans and has continued to achieve strong lending activity in the North of England.
Since launch, it has delivered over £150 million to finance development in the region.
Originally from Newcastle, Murphy has a well-established professional network and will continue to build on Puma Property Finance’s consistent growth from his new location.
His extensive industry experience includes several years at LendInvest where he worked as a senior financial analyst before joining Puma Property Finance. Prior to this, he was a consultant in PwC’s actuarial department where he spent nearly five years.
Having worked on facilities across multiple sectors, Murphy will be looking to partner with professional developers in the region to provide loans typically between £5 million and £35 million.
Commenting on his role, Murphy says: “I’m delighted to be expanding Puma’s activity in the North West as the business continues to grow its loan book. We’ve completed a number of loan facilities in the region, and I'm looking forward to building on this growth even further in the years ahead.”
Puma Property Finance delivers development loans to finance residential, 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.
Chief executive officer David Kaye adds: “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.”