"We are delighted to be one of the first bridging companies to have completed a post-Brexit securitisation"
The new funding line, which Roma says is one of the first such bridging lender transactions post-Brexit, will allow it to lend up to £50m extra per year.
Roma offers short term bridging loans secured on residential, commercial and industrial properties.
Scott Marshall, Managing Director, at Roma Finance, said: “It’s an exciting time at Roma Finance as we look 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.”
Finance Director, Keith Richardson, 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 have provided excellent specialist support ensuring that we are ideally placed to take advantage of the opportunities of the post-Brexit business environment.”
Chris Yau, Relationship Director, Corporate Coverage at RBS, said: “Roma Finance is a relative newcomer to the short term lending industry but thanks to its strong management team has already established itself as a leading provider of bridging finance to individuals and companies across the country. Roma Finance have 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.”
