Puma Property Finance provides large senior development loans and stabilisation finance to professional property developers. At the time of writing (October 2026), its website shows development loans from £10m to £100m over terms of up to 36 months, at up to 70% loan-to-value and 85% loan-to-cost, across all UK regions. Bridge & Build Finance is an independent broker and is not part of Puma Property Finance, so we can compare its terms with other development lenders at this scale. You can read more on Puma Property Finance's own website.
About Puma Property Finance
Puma Property Finance is part of Puma Capital Group, an alternative asset management group with offices in London, Manchester and Edinburgh. It says it was set up more than a decade ago to provide flexible lending to property developers and investors, and that it has lent over £2 billion across UK projects. It also says more than half of its lending goes to repeat borrowers.
Puma Property Finance is not a bank and is not authorised or regulated by the Financial Conduct Authority, as its development loans are unregulated commercial lending.
Puma Property Finance is one of the lenders we compare for larger development finance cases.
What Puma Property Finance funds
Puma focuses on two products: senior development loans and stabilisation finance.
| Feature | Development loans | Stabilisation finance |
|---|---|---|
| Loan size | £10m to £100m (larger by exception) | Typically £10m to £50m |
| Maximum leverage | Up to 70% LTV and up to 85% of cost | Up to 75% LTV |
| Term | Up to 36 months | Up to 36 months |
| Security | First charge on the property and borrowing vehicle, plus a cost overrun guarantee | First charge |
| Interest | Rolled up and paid at maturity | Agreed case by case |
Puma says it can consider all property sectors. Its website lists care homes, retirement and supported housing, student accommodation, hotels, offices, build-to-sell and build-to-rent residential, industrial and logistics, life sciences and co-living. Schemes can be ground-up or conversions of existing buildings, typically under a JCT Design and Build contract.
Stabilisation finance sits alongside development lending. It can refinance a completed scheme while units sell, which works like development exit finance, or give an operational asset such as a hotel or care home time to reach stable trading before long-term finance.
Who Puma Property Finance suits (and who it may not)
Puma tends to suit:
- Professional developers with large schemes needing £10m or more of senior debt.
- Developers in specialist sectors such as care, student accommodation, hotels, build-to-rent or life sciences.
- Schemes anywhere in the UK, including outside London and the South East.
- Developers who want a single lender for build and a stabilisation period afterwards.
- Experienced borrowers able to provide a cost overrun guarantee and a design and build contract.
It is not a fit for small or first-time developers, for loans under £10m, or for any short-term bridging, auction or regulated need. Schemes under its minimum size are usually better placed with SME-focused development lenders or bridging lenders.
What Puma Property Finance looks at
At this scale, lenders carry out detailed due diligence. Expect Puma to review:
- The developer's track record on schemes of similar size and type.
- The site, planning consent and any planning obligations.
- The building contract, contractor strength and the cost plan, including contingency.
- The end value or GDV, sales or letting evidence, and any pre-sales, pre-lets or operator agreements.
- Equity contribution and the cost overrun guarantee.
- The exit: sales, refinance onto investment debt, or a forward sale.
Independent valuers, monitoring surveyors and lawyers are usually involved, and interest is rolled up rather than paid monthly during the build.
Pros and cons
Pros
- Large senior loans from £10m to £100m.
- Up to 85% of cost, which can reduce the need for mezzanine finance.
- Lends across all UK regions and a wide range of sectors.
- Stabilisation finance available after completion.
- Interest rolled up, so no monthly payments during the build.
Cons
- £10m minimum rules out most SME schemes.
- Aimed at professional developers only.
- Cost overrun guarantee required.
- No bridging or regulated lending.
Going through a broker vs going direct
Puma deals with developers directly and through advisers. On loans of this size, small differences in leverage, fees, covenants and guarantee terms have a large effect on returns, so it pays to test the scheme with several senior lenders, debt funds and banks before committing.
We search the market, present your scheme to suitable lenders and manage the process through to completion. It is free to enquire, and any broker fee is disclosed before you proceed.
Alternatives to Puma Property Finance
- OakNorth Bank: a bank lender active in larger development and investment loans.
- Maslow Capital: senior and stretched senior development finance.
- Triple Point Private Credit: development lending from a private credit provider.
- Hilco Real Estate Finance: development and bridging loans for larger schemes.
- Close Brothers: a bank lender to housebuilders and developers.
Common questions
What is the minimum loan from Puma Property Finance?
At the time of writing (October 2026), Puma's development loans start at £10m and go up to £100m, with larger loans by exception.
How much leverage does Puma offer?
Puma says it lends up to 70% LTV and up to 85% of cost on development loans, and up to 75% LTV on stabilisation finance.
What is Puma stabilisation finance?
It is a loan of up to 36 months that follows development, giving time to sell units or for an operational property to reach stable trading before longer-term finance.
Does Puma lend outside London?
Yes. Puma says it lends across all UK regions.
Is Puma Property Finance regulated?
No. Its development loans are unregulated, and Puma states it is not authorised or regulated by the FCA.
This review is our independent summary of the lender's publicly stated lending, checked in October 2026. Criteria change, so confirm the current position before relying on it. Bridge & Build Finance is an independent broker and is not part of any lender reviewed. Finance is subject to status, valuation and lender approval.
