Roma Finance and Karaya Capital deliver £1.25m resi development in Kent
The funding package, arranged after an introduction by Kuldip Singh Shokar, provided more than £550,000 to support construction.
Roma Finance has partnered with Karaya Capital to deliver a development finance facility for a residential scheme in Rochester, Kent.
The funding package, arranged after an introduction by Kuldip Singh Shokar, provided more than £550,000 to support construction.
The transaction used Roma Finance’s RomaGROW development finance product and was led by Alisha Chu (pictured), senior business development manager (BDM), and Adrian France, senior underwriter.
The project includes two detached townhouses and is expected to reach a gross development value (GDV) of £1.25m.
The site was acquired a few years ago with planning permission, and the redevelopment costs are estimated at £540,000.
Chu said: “We were delighted to work alongside Karaya Capital on this exciting opportunity.
“The borrower has extensive experience in property development and we’re pleased to provide a funding solution that supports the successful delivery of high-quality homes in Kent.
“Development finance requires flexibility and close collaboration between all parties.”
Chu added: “Working in partnership with Kul and his team enabled us to structure a loan that met the project’s funding requirements and supports strong return for the investor.”
Shokar said: “In today’s market, developers need more than access to capital they need funding partners who understand the wider investment strategy behind each transaction.
“Our role is to advise our clients on the optimal capital structure, ensuring debt is aligned with the project’s commercial objectives, delivery timetable and exit strategy.
“Drawing on our relationships across the specialist lending market, we were able to identify a financing solution that provided both certainty of execution and the flexibility required throughout the build.”
Shokar added: “Transactions like this demonstrate how strategic debt advisory can unlock opportunities, preserve equity, enhance returns and support long-term value creation for developers and investors alike.”
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