The facility from Foresight will sit alongside the specialist property lender’s existing traditional funding lines provided by RBS and Cambridge Building Society.
The new facility will provide Roma with more flexibility with regards to the type of business that it can write and help to accelerate growth.
Since 2014, Roma has completed just under 500 transactions and, since the start of this year, it has grown its loan book by almost 50%.
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Scott Marshall, managing director at Roma (pictured above), said that the Foresight debt facility would enable it to take a step up to the next level and take advantage of a number of new opportunities.
“Amy [Crofton] and the Foresight team made sure they really understood what drives our business and where our operational pinch points are, making sure they structured the facility to solve these issues.
“We look forward to a long and successful relationship with Foresight.”
Amy Crofton, investment manager at Foresight, added: “We have been looking to enter the property bridging market for some time, so we are pleased to be able to back Scott and his team at Roma, who have built a profitable, growing business with an exceptionally strong track record.”
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