Roma Finance has completed a £1.5m loan in four days to help secure a Bristol investment property bought at auction for £2.25m.
The site includes 16 flats, nine two-bedroom and seven one-bedroom, plus a commercial unit and garages.
Planning permission was already in place for two more flats and a three-storey extension to add eight more units.
The borrower, an experienced landlord, turned to Roma Finance with support from Mortgage Lane after a previous lender could not meet the auction deadline.
Roma Finance structured and underwrote the loan in two days using its RomaFLOW process.
Daniel Hill, senior key relationship manager at Roma Finance, said: “This case required exceptional speed and precision, skills that Roma prides itself on.
“Working alongside Mortgage Lane, we delivered for the borrower and helped bring this exciting project to life.”
Joe Lane at Mortgage Lane said: “In auction cases like this, every hour counts.
“Roma’s ability to move so quickly and maintain clear communication throughout made all the difference.
“The customer was able to secure an incredible property and avoid the risk of losing their deposit.”
