Roma Finance has completed its largest loan to date, providing a £6m facility to an experienced property investor through two linked transactions.
The first facility provided a development exit loan on a recently completed scheme comprising six two-bedroom apartments.
It enabled the borrower to refinance the development loan, release restrictions over other portfolio assets and secure additional time to arrange a longer-term funding solution.
The second facility, advanced at 75% loan-to-value, refinanced 11 buy-to-let properties. Consolidating the properties into a single loan allowed the investor to repay borrowing held with multiple lenders and release additional capital to support the wider transaction.
MORE FLEXIBILITY
Roma says structuring the facilities alongside one another provided the flexibility needed to refinance both the completed development and the investor’s wider property portfolio.
The completion follows a period of growth for the lender, which recently secured a new funding line and launched into the commercial mortgage market.
Sonia Mann (main picture), head of sales at Roma Finance, says: “Completing our largest-ever loan is a fantastic milestone for Roma and demonstrates our continued growth as a specialist lender. This was a complex transaction involving multiple properties and existing borrowing arrangements, but by working closely with the customer we were able to put together a solution that met their needs.
“What stood out most was taking the time to understand the bigger picture.”
“What stood out most was taking the time to understand the bigger picture. Rather than looking at each property in isolation, we worked with the borrower to structure a solution that supported both their immediate requirements and future plans.
“That’s exactly what we strive to do at Roma. We’re committed to building long-term relationships with our customers, supporting them not only with their immediate funding needs but throughout every stage of their property investment journey.”
GAME CHANGER
The property investor says: “Roma and Rahul at Rainstone Money have completely changed the game for me. They took the time to understand what I was trying to achieve and structured a solution that worked across my whole portfolio, not just individual properties.
“Both parties were proactive throughout, communication was excellent, and they helped simplify the whole process, while creating opportunities for future growth. It was a complex transaction, but Roma made it feel straightforward.”
TEAM EFFORT
And Rahul Modasia, director of commercial, bridging and development finance at Rainstone Money, adds: “One of the most complex and challenging transactions of my career, this deal truly demonstrated the value of having the right team behind me.
“By partnering with Roma as the lender, we were able to structure a solution that met the client’s needs while providing the structure required to make the transaction work.
“This completion was a real team effort. From the Rainstone team proactively driving progress with the solicitors to everyone involved working tirelessly to keep the transaction moving, it highlights our commitment to delivering for our clients.
“Our expertise in navigating complex lending, combined with the strong relationships we build with clients and lending partners, enabled us to successfully get this deal over the line.”
