Roma Finance has completed its largest ever deal, a £3.6m bridging loan.
The loan was secured through a partnership with YB Financial Advisory Ltd, and it was issued at 70% loan-to-value (LTV) and involves 13 securities across the UK.
It was structured to enable the borrower to de-leverage their portfolio, avoid significant renewal fees and gain crucial breathing space to plan an exit.
This deal was completed within a tight timeframe, despite several challenges, including issues with valuation, which had to be addressed quickly.
Roma Finance’s team was able to use its RomaFLOW product range to engineer a tailored solution, while adhering to the target completion date.
Michael Allison (pictured, right), commercial director at Roma Finance, said: “This deal is a testament to the flexibility, resilience and problem-solving capabilities of our team.
“We are delighted with the outcome.”
“YBFA’s values align perfectly with our borrower first approach to lending, and their in-depth knowledge of their customer allowed them to effectively articulate the situation and requirements.
Allison added: “As with any transaction, there were several challenges, specifically around valuation that materialised during the application, but our relationship meant we were able to navigate the changes and engineer a tailored solution using our RomaFLOW product range whilst adhering to the target completion date.”
Jake Richardson (pictured, left) from YB Financial Advisory Ltd, said: “Working with Roma Finance on this complex transaction was an exceptional experience.
“We share a proactive approach, problem-solving mindset, and dedication to getting the deal over the line which ultimately ensured a successful outcome for the borrower.
“Being able to navigate these challenges with like-minded people is what makes us tick and Roma’s ability to do this efficiently made all the difference in securing this bridge within the short timescales.”
