This funding line will provide a springboard for the next phase of our growth and reinforces our position as one of the substantial non-bank lenders to the UK development finance market. “ We are delighted to partner with Waterfall Asset Management. It was facilitated by Puma Property Finance’s advisors, Brookland Partners.ĭavid Kaye, CEO of Puma Property Finance, commented: Significantly, this funding line represents Waterfall Asset Management’s first partnership with a development finance platform. Despite the economic headwinds of the last two years, the business has continued to increase its lending and expand its team, and this new finance will further facilitate this. Puma has continued to support these sectors throughout the pandemic at a time that many other lenders have withdrawn. With offices in London, Edinburgh and the North West, it has built an impressive track record providing access to capital across diverse sectors, including operational real estate such as care homes, hotels and student accommodation. Its lending products include core development finance, pre-development bridge loans and development exit loans, on a first-charge, secured basis. Puma Property Finance lends across all sectors and in all regions of the UK at leverage up to 70% loan to value (75% for development exit loans) and 85% loan to cost. By targeting a wider pool of loans, the business will be looking to support a broader range of professional developers with its tailored, relationship-centred approach. The funding is attractively priced, allowing Puma to provide increasingly competitive rates to prospective borrowers. This new £300 million of capital will enable the business to expand its development lending proposition substantially, offering loans of up to £50 million. This marks the second institutional funding line it has received, following £200 million which was secured from RoundShield Partners in 2018 and remains open for deployment. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.In recent years, Puma Property Finance has experienced transformational growth, expanding to a 30-strong team and significantly increasing its deployment of first-charge development loans across all sectors and regions of the UK. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Cookieįacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.Ī cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. These cookies track visitors across websites and collect information to provide customized ads. Read more Related FundsĪdvertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The fund is constantly included in less than 2 investment rounds annually. The important activity for fund was in 2019. Opposing the other organizations, this Waterfall Asset Management works on 0 percentage points less the average amount of lead investments. Speaking about the real fund results, this Corporate Investor is 37 percentage points more often commits exit comparing to other organizations. The increased amount of exits for fund were in 2018. The usual things for fund are deals in the range of more than 100 millions dollars. We can highlight the next thriving fund investment areas, such as Financial Services, E-Commerce.īesides them, we counted 11 critical employees of this fund in our database. Among the various public portfolio startups of the fund, we may underline Funding Circle, BorrowersFirst, FlexShopper Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in some founders of portfolio startups. In the next rounds fund is usually obtained by S-Cubed Capital, NJF Capital, Goldman Sachs Private Capital Investing. The meaningful sponsors for the fund in investment in the same round are Transportation Resource Partners, SunTrust Bank, NJF Capital. Despite the Waterfall Asset Management, startups are often financed by Invus, Goldman Sachs, Fenway Summer Ventures. The typical case for the fund is to invest in rounds with 1-2 participants. The venture was found in North America in United States. The leading representative office of defined Corporate Investor is situated in the New York.
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