Puma Property Finance (“Puma”) is pleased to report the first close of Puma Real Estate Secured Credit Fund (“PRESC”), underpinned by a cornerstone commitment from Madison International Realty (“Madison”), a leading New York headquartered real estate private equity firm.

PRESC’s strategy is to provide senior development and stabilisation loans of £20 million to £100 million in the living and selected commercial sectors, focusing on strong sponsors and core UK locations.  The fund has made its first deployments into a seed loan book of £150m, covering assets in the BTR, PBSA and Care Home sectors across London, Manchester and Edinburgh.  Further investment into the Fund is anticipated in 2026, with the strategy looking to attract interest from UK institutions and global capital allocators.

The first close of PRESC follows the announcement earlier this year of Puma’s new partnership with Madison, which builds upon the specialist lender’s previous £500 million institutional funding platform.  The partnership has enabled Puma to continue broadening its offering to clients, including increasing its maximum development loan size from £50 million to £100 million and expanding its provision of standalone stabilisation loans for operational real estate assets. The business continues to grow at pace and has recently surpassed £3 billion in the total value of property developments funded across the UK. 

Paul Frost, Managing Director of Puma Property Finance, commented:

“We are delighted to see the successful first close of Puma Real Estate Secured Credit Fund in what remains a challenging fundraising environment, with a substantial proportion of the capital raised immediately deployed into a strong portfolio of loans delivering an attractive day one return for investors.

 
“This positive progress illustrates the attraction of UK real estate credit to global allocators of capital. We believe UK real estate, particularly in the living sectors centred on major conurbations, remains a robust asset class underpinned by strong fundamentals and a stable legal framework. Offering the natural liquidity provided by a diversified book of relatively short-term loans, coupled with attractive risk-adjusted returns for senior debt exposure, we are optimistic about the prospects of the Fund securing further capital to implement its strategy.”

Disclaimer: Approved for publication by Puma Investment Management Limited, FRN 590919. For professional investors only – not intended for retail audience. This content is for information purposes only and does not constitute an offer or invitation to invest. Not intended for distribution in any jurisdiction where such distribution would be unlawful.