Roma Finance is a flexible and reliable lender that offers bridging finance products to both the private investor and the property development sectors.
Roma Finance is a provider of bridging finance solutions to the property development and commercial investment sector. They have a wide portfolio of loan products which allow them to meet the needs of many different clients and have an outstanding commitment to providing high-quality financial solutions within a restricted timeframe. Roma Finance understands that many borrowers won’t fit into the same category and that it’s important to develop loan options which provide flexibility for their customers. This flexibility manifests itself in Roma’s ability to adapt the terms of each loan to their client’s needs, and they offer a bespoke consultancy service which allows borrowers to speak directly with Roma’s expert loan advisers.
Roma Finance’s range of bridging loans can be used to create working capital for businesses, to help refinance an existing loan, to purchase a property at auction or even to help release cash from an inherited property. The range of uses to which these bridging loans can be put requires Roma Finance to be highly professional and able to confidently and reliably advise their customers. In addition, they are able to put funds in place quickly, so that customers can put their plans into action as soon as possible.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
By assessing how extensive the project is, how long it is likely to take and how much it is likely to cost in a worst and indeed a best-case scenario. Refurbishment bridging loans will cover a majority of light and heavy refurbishment projects but for more extensive development projects including ground-up builds of one or indeed multiple units, development finance can potentially cover both the land purchase and build costs
Loans generally range from £25,000 to many millions depending on the size and complexity of the planned development. The amount that can be borrowed depends on the strength of the development proposition, the location, the potential profits, the perceived risks and of course ultimately on the lenders risk appetite.
Yes. Rates are generally a little higher for development finance which reflects the greater complexity and slightly higher risk associated with this form of lending.