Shout if you want to finish your property development project on a lower rate.
Development projects are normally the most complex in the property lending and the most expensive. At Roma, we offer a developer exit solution, meaning once a project is wind and watertight…. So the roof, windows and door are on, we can enable you to finish it off on a bridging loan.
This works on our customer for life solution where you can exit a Roma development finance loan onto the bridge or purchase a part built site or even swap your finance from another lender to us. The ultimate goal is for you to make as much profit as possible from your development and this product is a method to do this!
We can consider a variety of property types, constructions, credit profiles and income levels, and can offer both first and second charge bridging loans. We really do love to lend.
- Loans from £75,000 to £3 million
- LTV up to 75%
- Competitive rates and terms
- Intelligent touch underwriting for quick decisions and completions
- We lend across England, Scotland and Wales
- Clear communication throughout the life of your finance
For the ‘Borrower First’ experience. Because every application is different.
At Roma Finance we understand that every property transaction is unique. That’s why we put flexibility and service at the forefront of everything we do. Tell us what kind of finance you need and we’ll find a way to make it happen.
- Fast: most bridging cases completed within 28 days
- Flexible: lending for every property type
- Simple: we have reinvented and streamlined the legal and underwriting process
- Trusted: we value integrity, and customers keep coming back
Got a question? We have answers
Developer exit lending, commonly called a development exit loan is a short term finance option that enables a property developer to refinance, usually at a lower rate than their initial development finance facility. Development projects qualify for developer exit funding when they are wind and watertight. This funding allows developers to release equity and also save on interest payments due to a lower rate.
GDV stands for Gross development Value. It is an estimate of the open market value or rental value a property development is likely to have on completion. It is determined on the basis of current and recent similar transactions.
Roma considers development finance up to £3 million although larger loans can be considered by referral.
We have a 'Borrower First' philosophy; we #LovetoLend
