LGB successfully completes £15m secured note programme for Roma Finance

We are thrilled to announce the successful completion of a new £15m secured note programme for Roma Finance (“Roma”), a leading specialist property lender. This milestone brings total issuance capacity across Roma’s two programmes to £40m and marks an exciting evolution in our partnership.

In July 2023, LGB established a £15m programme for Romaco SPV 2, a subsidiary of Roma, providing subordinated funding alongside senior bank lending for bridging and development loans. Since establishment, the programme has issued over £10m of notes to LGB investors and supported the growth in Roma’s loan book to over £175m. In conjunction with the establishment of Roma’s second programme, the Romaco SPV 2 programme was increased to £25m in December 2024.

Given the success of Roma’s first programme, we were delighted to establish a second £15m programme for a separate subsidiary, Romaco SPV 10, to provide subordinated funding behind a new £100m senior facility from NatWest Bank, lending against bridging and buy-to-let loans. The transaction was completed in mid-December 2024 with the first £8m of note issuance under the programme provided by an institutional investor.

Scott Marshall, Managing Director, ‎Roma Finance, said: “Roma and LGB have built a strong working relationship over the past 18 months, and we’re delighted to have further cemented that partnership with this second £15m programme to support our new £100m senior facility from NatWest. In 2024, Roma had its best ever year resulting in growth of almost 60% across a variety of metrics. Roma is now widely recognised as one of the UK’s leading specialist lending brands and we look forward to an exciting 2025 with a series of new products and process enhancements.”

Fergus Rendall, Director, LGB Capital Markets, said: “We are really pleased to have established a second programme for Roma Finance, demonstrating our ability to deliver tailored and innovative funding solutions for growing businesses. Taking Roma’s total facilities to £40m is a significant achievement and highlights the confidence investors’ have in Roma’s experienced management team and their disciplined approach to credit underwriting. This partnership reflects LGB’s continued evolution in supporting specialist lenders with scalable, structured finance solutions. Roma’s new programme now brings the total value of programmes arranged by LGB to over £450 million.”