Castlehill Capital

Castlehill Capital arranges £86,000 bridging loan with Roma

Castlehill Capital arranged a bridging loan in five days to support the purchase of a mixed-use property.

The borrower had been let down by another lender which took too long to issue terms and instruct legals and the valuation.

The borrower required the funding to purchase a mixed-use property before carrying out a refurbishment.

Castlehill was contacted on the Monday morning and secured a DIP for the borrower by 2pm the same day.

Roma Finance provided the £86,000 bridging loan, with a term of 12 months at 70% LTV.

George Tuffin, BDM at Roma Finance, facilitated the transaction. 

“The speed with which Roma Finance [was] able to put all the necessary requirements in motion was astonishing,” said Sean Robertson, lending director at Castlehill Capital.

“The real game-changer was getting [its] BDM to prioritise the case and drop everything and head to Birmingham the next day to get the client’s application completed.”

The lawyers were able to complete the necessary paperwork and the loan was ready to drawdown just five minutes before the borrower’s deadline of 12pm on the Friday.

George added: “Roma [prides itself] on being able to deliver on what [it says it] will and to lend with integrity. 

“As the deadlines were extremely tight, having a great relationship with Sean at Castlehill enabled us to have clear direction from the outset. 

“As we title insure most of our loans, our streamlined legal process ensured all parties were working to the same deadline for the borrower."

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