Roma Finance has provided development funding for the construction of two detached townhouses in Rochester, Kent.
The specialist lender worked with debt adviser Karaya Capital to arrange a package of more than £550,000 after an introduction by Kuldip Singh Shokar.
The facility was structured through Roma Finance’s RomaGROW development finance product and was handled by Alisha Chu (pictured), senior business development manager, and Adrian France, senior underwriter.
The scheme is expected to have a gross development value of about £1.25 million upon completion. The borrowers acquired the site with planning permission several years ago and are progressing with a redevelopment estimated to cost £540,000.
Karaya Capital said the funding had been structured around the project’s construction timetable, cash flow requirements and exit strategy.
Chu says: “We were delighted to work alongside Karaya Capital on this exciting opportunity. The borrower has extensive experience in property development and we’re pleased to provide a funding solution that supports the successful delivery of high-quality homes in Kent.
“Development finance requires flexibility and close collaboration between all parties. Working in partnership with Kul and his team enabled us to structure a loan that met the project’s funding requirements and supports strong return for the investor.”
Shokar adds: “In today’s market, developers need more than access to capital they need funding partners who understand the wider investment strategy behind each transaction.
“Our role is to advise our clients on the optimal capital structure, ensuring debt is aligned with the project’s commercial objectives, delivery timetable and exit strategy.
“Drawing on our relationships across the specialist lending market, we were able to identify a financing solution that provided both certainty of execution and the flexibility required throughout the build.
“Transactions like this demonstrate how strategic debt advisory can unlock opportunities, preserve equity, enhance returns and support long-term value creation for developers and investors alike.”
