The commercial development finance solution offers loan amounts from £250,000 to £2.5m, with finance available up to 65% loan to gross development value (LTGDV).
The product aims to “support experienced developers delivering new-build offices, warehouse and logistics units, as well as retail and mixed-use schemes up to 12,000sq ft”.
The commercial development finance product has already been successfully trialled, including a £2.33m deal in Market Harborough, Leicestershire, where Roma supported an 18-month loan to an experienced developer embarking on their first ground-up scheme – a project to deliver 11 new light industrial and warehouse units as part of the regeneration of Hermitage Business Park.
Roma Finance relaunched its offering earlier this year as part of a “strategic reorganisation” to “streamline its services”.
The lender’s proposition was restructured into Flow, Grow and Pro ranges. Flow covers its bridging products, while Grow includes its development finance deals.
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Roma Finance’s Pro range, which was launched in January, offers development and long-term buy-to-let (BTL) financing.
Scott Marshall (pictured), founder and managing director at Roma Finance, commented: “This is an exciting evolution of our offering and marks the first expansion of our RomaGROW product line, which is all about backing developments that deliver long-term value for communities.
“The UK’s industrial and logistics sector urgently needs more space, and our new commercial development finance solution empowers developers to build the kind of infrastructure that fuels jobs, trade and investment in under-served areas.”
Jason Metcalfe, underwriter at Roma Finance, said: “As an underwriter, development finance is about more than numbers – it’s about backing a vision. This project stood out because of its clarity, impact and long-term benefits for the area.”
Last month, the firm added six members to its lending team.
