LAUNCHES COMMERCIAL DEVELOPMENT FINANCE PRODUCT:
Roma Finance, the specialist lender known for its flexible, relationship-driven approach, is today launching a new Commercial Development Finance productโthe first expansion of its RomaGROW range, which focuses on funding that drives economic and community growth.
The new ground up solution offers loan amounts from ยฃ250,000 to ยฃ2.5 million, with finance available at up to 65% loan-to-gross development value (LTGDV). It is designed to support experienced developers delivering new-build offices, warehouse and logistics units, as well as retail and mixed-use schemes up to 12,000sq ft.
Scott Marshall, Founder and Managing Director at Roma Finance, commented: โThis is an exciting evolution of our offering and marks the first expansion of our RomaGROW product line, which is all about backing developments that deliver long-term value for communities.
โThe UKโs industrial and logistics sector urgently needs more space, and our new Commercial Development Finance solution empowers developers to build the kind of infrastructure that fuels jobs, trade and investment in underserved areas.โ
The product has already been successfully trialled, including a ยฃ2.33 million deal in Market Harborough, Leicestershire where Roma supported an 18-month loan to an experienced developer embarking on their first ground-up schemeโa project to deliver 11 new light industrial and warehouse units as part of the regeneration of Hermitage Business Park.
Jason Metcalfe, Underwriter at Roma Finance, said: โAs an underwriter, development finance is about more than numbersโitโs about backing a vision. This project stood out because of its clarity, impact and long-term benefits for the area.โ
Roma re-launched its offering as part of a strategic reorganisation at the beginning of the year to streamline its services into three distinct product ranges: FLOW | GROW | PRO.
– RomaFLOW represents Romaโs bridging finance products, offering fast funding solu-tions for investors needing quick capital to secure opportunities.
– RomaGROW combines the companyโs development finance options under one name, making it easier for property developers to access funding for construction, refurbishment, and growth projects.
– RomaPRO, the newest addition, focuses on buy-to-let and revolving credit, offering investors solutions for both development and long-term buy-to-let financing.
This latest enhancement of its lending options reinforces Romaโs commitment to innovation and meeting the evolving needs of brokers and property investors. The new Commercial Development Finance product will be available to brokers and direct customers across England, Wales and Scotland.