- Loan amount: £158,675
- Day one funding: £46,750
- GDV: £265,000
- Term: 12 months
Roma Finance was approached by an intermediary partner to support a capital raise for a ground-up residential development in Sunderland, Tyne and Wear.
The land, which now houses a four-bedroom, three-storey detached dwelling, was originally purchased back in June 2024 for £50,000 using cash and was unencumbered at the time of application. Situated on the coast, the location is a popular residential area, making it a well sought after property.
Our borrowers are self-employed and run their own construction and development company, with a proven track record across new builds, extensions, refurbishments and conversions. In addition to their contracting work, they also hold a small portfolio of rental properties, generating ongoing income and demonstrating strong experience within the property sector.
Their initial strategy was to implement the existing planning permission and sell the completed property for profit. Roma provided a development facility to support the continuation of works on site, enabling the project to progress smoothly through to completion.
The completed property was finished to a high specification, incorporating a modern kitchen with integrated appliances, contemporary décor and modern bathroom suites throughout. The development also benefits from an EPC rating of A, enhancing its market appeal.
Senior Underwriter, Jason Metcalfe, commented “This is a good example of a simple and well-structured RomaGROW case, executed by an experienced borrower who understood the development process from the outset. The project progressed smoothly from start to finish, resulting in a successful exit and sale of the property.”
Their intended exit strategy was to place the property on the open market, and as of March 2026, it was successfully sold for £285,000, exceeding the original GDV and delivering a strong outcome for the borrower.
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