- Loan amount: £357,000
- GDV: £700,000
- CMV: £550,000
- Term: 12 months
Roma Finance recently facilitated the refinance of a prominent commercial property located in a Victorian arcade just outside Manchester city centre. The borrower, nearing the end of their term with another lender, sought a new finance partner to support their ongoing vision for the site. Given their positive experience with Roma Finance on previous projects, the borrower chose to switch lenders and refinance with Roma.
This refinancing transaction reflects Roma Finance’s commitment to delivering competitive terms, reliable service, and a relationship-based approach to lending.
The property is a thriving commercial hub, comprising modern office spaces, co-working areas, private meeting rooms, a gym, and an on-site cinema. Its prime location offers excellent transport links to Manchester city centre, making it highly attractive for business tenants.
With plans currently underway to secure planning permission for nine residential apartments, the borrower aims to transform the asset into a mixed-use development. Once approved, the property will benefit from dual income streams, commercial and residential, enhancing its value and long-term viability within the local community.
Roma’s refinance allowed the borrower to exit their existing facility smoothly while positioning the property for future development and improved returns.
Daniel Hill, Senior Account Manager at Roma Finance, commented, “Working with this borrower has been a great example of how a strong lender-borrower relationship can lead to ongoing success. Our ability to step in at the right time with flexible and tailored solutions is what builds trust and long-term partnerships.”
This case demonstrates Roma Finance’s capability to provide not only competitive refinancing solutions but also the trusted support needed to enable ambitious redevelopment plans.
