We are pleased to announce the establishment of a £15 million secured medium term note (“MTN”) programme for specialist property lender Roma Finance (“Roma”).
Roma focuses on providing lending for property bridging, development, and buy-to-let loans in the UK for property and construction professionals. The company was established in 2010 by its existing management team following extensive careers in the property lending sector.
Roma’s approach to lending is fast, flexible, simple and trusted. These are pillars for the Company’s approach to business and its personal service, speed of delivery and commercial mindset. The company has continually invested in its operational platforms and systems to ensure its loan process is as fast and simple as possible whilst maintaining robust levels of underwriting.
LGB Capital Markets completed its first issue of notes in conjunction with the establishment of the MTN programme in July. The programme will provide funding subordinated to Roma’s senior funders to enable the company to further expand its own book and continue its strong growth trajectory. It is expected that the funding will enable the company to grow its loan book to around £200m by May 2024.
Scott Marshall, Managing Director, Roma Finance, said: “We are delighted to be working with LGB as we continue to grow our loan book, develop innovative market-leading products, support UK property entrepreneurs and invest in both new technology and talented people. LGB is a like-minded and refreshing organisation to partner with which has added value to our business and we look forward to a strong long-term working relationship. ”
Fergus Rendall, Director, LGB Capital Markets, said: “We are pleased to have established this £15m programme for Roma, which is a profitable, growing business with an exceptional track record. Investors were impressed by the experience of Roma’s management team and the company’s robust processes and prudent approach to credit underwriting, and we look forward to engaging with new investors through regular note issuance.”
Roma’s new programme now brings the total value of programmes arranged by LGB to £375 million.
More information on our MTN programmes can be found here.
