Puma Property Finance has provided three loans totalling £31m to North Bay to support the development of three care homes across the UK.
The new homes will be in York, Bowburn and Preston, with 66, 73 and 74 beds respectively.
All rooms will be single occupancy with en-suite wet rooms.
Once finished, the schemes will deliver 213 new beds to the UK care sector.
Richard Hoggart, CEO at North Bay, said: “We are delighted to receive support from the team at Puma in building these care homes.
“They are set in fantastic locations and we look forward to providing our future residents with the very best that the care sector has to offer.”
Tony Throp, director and head of healthcare at Puma Property Finance, said: “We’re proud to continue our longstanding relationship with North Bay by supporting the development of three high-quality care homes across York, Bowburn and Preston.
“These schemes will deliver over 200 much-needed beds in areas facing significant shortfalls in en-suite wet room provision.
“With strong demand fundamentals and resilient performance characteristics, the care sector remains a key focus for us at Puma, and we’re pleased to be backing one of the UK’s top care operators as they expand their footprint.”
