Manchester Business News – The Manchester based property finance company Roma Finance is targeting significant growth over the next 24 months with an aim to double its loan book by 2026.
Finance company Roma Finance has been in business some 15 years and offers bridging finance and development finance products are for residential, semi-commercial and commercial properties and land deals.
The business has 9 separate funding lines and offers short term finance including standard bridging, light to heavy refurbishment, conversion, renovation, auction, developer exit and development finance from ground up to developer exit.
Whilst the property finance deals are mainly on the smaller scale for single property projects they have lending is responsible for some 10,000 new homes.
Roma Finance have also leant to larger multi unit development projects throughout the UK with lending amounts over £1m. To date, their largest deal was was £1.85 to Arcot Grange Developments Ltd, for the acquisition of a partly built residential site in Cramlington near Newcastle.
The bridging and development finance lender, has also provided a loan of £1.32m for large luxury apartment development near Manchester City Centre and a £1.8m facility for the purchase of a health club and day spa on the outskirts of Ipswich.
Property finance company Roma Finance channels its lending from its relationships with the likes of NatWest, Shawbrook Bank, Paragon Bank, The Cambridge Building Society, The British Business Bank, The Greater Manchester Combined Authority, Foresight Group and LGB Capital.
Commenting on the future aims and ambitions of the Manchester based property finance company Roma Finance, owner Scott Marshall,said: “Roma’s first loan was, in part, made by releasing equity from my own family home, so there was real pressure for it to be a success and for the loan to perform. Thankfully it did, and over the years Roma has been able to support over 5,000 independent landlords, and small and medium sized house builders to realise their property development aspirations. Most importantly though, and one of the things I am most proud of, is that in our whole 15-year history we have never lost money and our redemptions continue to be strong, despite black swan events.
“The residential property investment market is a dynamic and hugely exciting one to be involved in. We are seeing record levels of demand for new housing across the whole of the UK and we are pleased to be in a strong position to provide financial support for those working in the sector.”
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