Roma Finance has completed a £1.5 million bridging loan in four days to fund the purchase of a £2.25 million investment property in Bristol.
The property consists of 16 apartments – nine with two bedrooms and seven with one – together with a commercial unit and garages.
Planning consent has already been granted for two additional apartments and a three-storey side extension to create a further eight flats.
The borrower, an experienced landlord and first-time customer of Roma Finance, turned to the lender after a previous funding arrangement fell through.
Working with broker Mortgage Lane, Roma’s team was able to structure and underwrite the loan within two days, allowing the purchase to complete before the auction deadline.
The loan was arranged through RomaFLOW, the lender’s streamlined range aimed at auction and other time-critical cases.
Daniel Hill (pictured), senior key relationship manager at Roma Finance, said: “This case required exceptional speed and precision, skills that Roma prides itself on.
“Working alongside Mortgage Lane, we delivered for the borrower and helped bring this exciting project to life.”
Joe Lane at Mortgage Lane added: “In auction cases like this, every hour counts. Roma’s ability to move so quickly and maintain clear communication throughout made all the difference.
“The customer was able to secure an incredible property and avoid the risk of losing their deposit.”