Bridging lender secures significant funding line post-Brexit

Bridging lender secures significant funding line post-Brexit




Roma Finance has secured a significant three-year revolving credit facility and securitisation from the Royal Bank of Scotland (RBS).

The funding will look to support the bridging lender’s ambitious growth plans and is one of the first such bridging lender transactions to take place since the result of the EU referendum. 

Roma will now also be able to lend up to a further £50m a year. Scott Marshall, Managing Director of Roma, said it was an exciting time for the lender.

“[We’re looking] to take advantage of favourable opportunities in what looks like becoming a counter-cyclical environment. 

“In particular, we are delighted to be one of the first bridging companies to have completed a post-Brexit securitisation, which reflects the strength of our proposition and the unique way we underwrite transactions.”

Keith Richardson, Finance Director at Roma, added: “The funding facilities from The Royal Bank of Scotland will allow us to further develop our business and establish new partnerships and better funding options for our customers. 

“The team at The Royal Bank of Scotland in Manchester and London has provided excellent specialist support ensuring that we are ideally placed to take advantage of the opportunities of the post-Brexit business environment.”

The RBS team who supported the deal included Chris Yau, Relationship Director, who praised Roma’s strong management team. 

“It has already established itself as a leading provider of bridging finance to individuals and companies across the country.  

“Roma Finance has a solid business plan to take the business forward and we are delighted to support their growth and development. 

“We wish Roma Finance every success for the future.”

Michael Murray, also part of the team at RBS, concluded: “We were delighted to support Roma Finance with a credit facility [that] will assist the business in its growth aspirations and look forward to working with the team at Roma Finance in the future.”

Roma has since announced it has appointed an ex-Together managing director and former HSBC manager to help it achieve its growth plans.

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