- Loan amount: £1,424,000
- Term: 60 months
- Refinance
Roma Finance recently provided a £1.4 million refinance facility to a longstanding customer, reinforcing its commitment to supporting experienced developers throughout their property investment journey.
The borrower, a seasoned property professional with a portfolio of 20 properties, eight of which have been funded through Roma, secured the refinance against two assets in East Sussex. The transaction enabled a net release of £142,000, which the customer intends to use toward the acquisition of a new property, once again with Roma as their funding partner.
The refinanced assets consist of a spacious four-bedroom home featuring an outbuilding and tennis court, and a former office building currently undergoing conversion to a single-occupancy residential unit. The combined current market value (CMV) of the properties is £2.2 million, with a projected annual rental income of £124,800.
This case exemplifies Roma Finance’s ongoing dedication to building long-term relationships with its customers. Roma’s flexible approach and consistent support have made it the preferred choice for this borrower, who continues to return to Roma to expand and enhance their portfolio.
Alisha Chu, Senior Business Development Manager at Roma Finance, commented: “Working with a lifelong borrower is incredibly rewarding. It’s fantastic to see their continued progress and to play a part in helping them grow their portfolio over time.”
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