Roma Finance has completed a £1.1m commercial bridging loan for a commercial property in Denton within seven days.
The six-month facility was provided to Hatters Square Limited at 55% loan-to-value against the property’s £2m market value.
The deal was completed through Roma’s Flow commercial bridging proposition, with its commercial mortgage team assessing the potential longer-term exit.
Hatters Square Limited is a property holding company co-owned by property professional and broker Michael Street and developer Josh Berry, who has completed more than £4 million of property developments over the past decade.
The pair acquired the premises on Market Street, Denton, in 2024. The property is occupied by tenants operating a food and drink hall.
The funding allowed the company to repay its existing lender and provides time to establish a stronger trading record for the property and obtain the valuation needed for its longer-term funding plans.
Hatters Square Limited could move on to longer-term finance with Roma if the property meets the lender’s criteria.
Michael Allison, commercial director at Roma Finance, says: “This is a fantastic result for our commercial team and a real reflection of how much our commercial proposition has developed.
“We have a team with significant experience across commercial property finance, and that allows us to look beyond the immediate funding requirement and understand what the customer is ultimately trying to achieve.
“With commercial bridging, development finance and now our commercial mortgages sitting under the same umbrella, we’re in a much stronger position to support customers at different stages of their property journey. That’s something we’re really excited about.
“What’s particularly pleasing here is the opportunity to build on an existing relationship. The bridge meets the customer’s immediate requirements, but there is a clear longer-term opportunity for us to continue working with them.
“For us, that’s what good relationship-led lending should look like.”
Street says: “This transaction came together exactly as we had hoped; with speed, clarity, and a lender who understood the opportunity from day one. As borrowers, we had a clear strategy for the building, but needed a lender that could move quickly and understood the commercial fundamentals of the deal.
“Roma was able to take a pragmatic approach, understand our respective experiences and delivered the funding in just seven days.
“That speed made a real difference, and the flexibility of the facility gives us the time we need to build the financial trading data and move towards longer-term funding plans.”
The completion follows the launch of Roma Finance’s commercial mortgage offering as part of its expansion into longer-term commercial property finance.
Alongside its bridging and development finance products, the proposition is intended to allow borrowers to remain with Roma as they move from short-term to longer-term funding.
Roma’s commercial mortgages provide loans of up to £2m at up to 70% loan-to-value, with fixed-rate and longer-term options available.
