Puma Property Finance has funded over £500m of new build care homes
Puma Property Finance has reinforced its commitment to funding essential social infrastructure in underserved areas across the UK, with new development loan facilities to two of the UK’s leading care home developers taking the total value of care homes funded to over £500m.
As life expectancy and the demand for good quality homes grows in the wake of the pandemic, the number of new care beds is still not increasing quickly enough to meet this growing need. Puma, which funded seven new care homes in 2023, aims to back best-in-class developments in carefully selected areas that can go some way in responding to demand and addressing this growing issue.
Puma understands that well-designed healthcare developments are crucial and so provides loans to schemes that endeavour to be as ‘future-proof’ as possible. Typically, these care homes include full en-suite wet rooms, an abundance of communal rooms, utilisation of assistive technology and well-planned outside space, which can be crucial to the health and wellbeing of residents.
The business has provided development facilities for schemes throughout the UK, providing 2,300 essential care beds – from Hamilton, Scotland to Southampton and from Broadstairs to Bristol.
Puma continues to work with trusted development partners in the UK to deliver best-in-class homes for residents and their families, including LNT Group, Newcare, Angela Swift Developments, Zephyr X and more.
Our view
“With the UK’s over-65s population set to reach 15.3 million by 2030 and 18.8 million by 2050,(1) it is becoming increasingly important to work with developers seeking to build future-proof homes with facilities to provide the best quality of life for residents. We hope that by backing high-quality schemes with developers and operators including LNT Group, Newcare, Angela Swift Developments and many more – we can go some way in responding to that demand and addressing this growing issue.”