Roma Finance, the specialist bridging finance lender, moved quickly to provide funding for a family to purchase a land mark pub in West Yorkshire to operate their family business from.
The pub was to have change of use as the family found it to be the ideal property in order to run their business, a bathroom company, interior design and a tea room!
The customer needed the money quickly to ensure they didn’t miss out and Roma were able to provide the £200,000 bridging facility in just 14 days. The loan was over nine months, with the exit being refinance to their existing bank.
With the customer being new to bridging finance, Roma Finance helped them every step of the way to ensure they fully understood the transaction and to move all the required documentation along as quickly as possible. They had a dedicated BDM who also visited the customer and the property to help explain the finance and to make sure the loan was progressed as quickly as possible.
Simon Micklethwaite, BDM at Roma Finance, commented: “Working with a customer who was a first time bridging finance user, I was their dedicated point of contact for their bridging finance requirements in order to facilitate a fast turnaround. The pub was a very viable change of use project and was just what the customer wanted to run their family business. The customer was delighted with the speed at which the finance was delivered and they were very pleased with the high level of service myself and the team at Roma provided at each stage of the process.”