Specialist development lender Puma Property Finance has relocated one of its managers, Paul Murphy, to Manchester to reflect increased lending in the North.
Puma said that the move reflects the sustained growth of its loan book, the business completing more than £200m of loans in 2019. It said that since its inception it has delivered more than £150m to finance development in the North of England.
Murphy’s industry experience includes several years at LendInvest where he worked as a senior financial analyst before joining Puma. Prior to this, he was a consultant in PwC’s actuarial department where he spent nearly five years.
Having worked on facilities across multiple sectors, Murphy will be looking to partner with professional developers in the region to provide loans typically between £5m and £35m. As well as residential development projects, Puma – part of the wider Puma Investments group – has experience lending to specialist sectors such as healthcare, including care homes and retirement living, hotels and student accommodation projects.
David Kaye, chief executive of Puma Property Finance, said: This move marks a strategic investment into the region and underlines our commitment to further strengthen our national lending activity.
“We continue to see a number of compelling development projects across the country and Paul is well placed to capitalise upon and grow our existing pipeline of new deals in the region.”