Sector

Property Finance

Programme Size

£40m

Programme Establishment

July 2023

Programme Type

2nd Line Secured

Roma is a specialist property lender, primarily operating in the bridging and development space, with a lesser exposure to buy-to-let lending. The Company operates a conservative, low LTV model and places a strong emphasis on the profile of its borrower, with its overarching goal being to help property professionals create value in real estate projects.

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.

Following the success of Roma’s first programme, LGB was 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.

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