Puma Property Finance, part of Puma Investments, the development finance specialists, has completed an £8.5m development loan on a 27-month term. The purpose of the loan is to fund the construction of a care home in Wilmslow, Cheshire.
Completion of the project is expected in July 2022.
The new, purpose-built care home will have 60 beds with en-suite wet rooms for each resident, alongside communal lounges, dining areas and restaurants.
The development is expected to be completed in July 2022.
Tony Throp, director at Puma Property Finance, said: “We have a long-standing relationship with this care operator, and are pleased to support them in building another exceptional care facility in the North West.
“Residents will benefit from the high standard to which these care homes are developed which, as we have seen last year, is more important than ever to ensure residents can receive safe and effective care services.
“We very much pride ourselves as being a relationship lender, so it is particularly pleasing to work again with this operator on another excellent scheme.”
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