"This transaction perfectly demonstrates how the product is tailored to meet the needs of property investors, offering the flexibility, speed, and support required to grow their investment portfolios"
- Dan Hill - Roma Finance
Roma Finance has announced the successful completion of its first seven-figure transaction using RomaPRO.
The £1.47m buy-to-Let mortgage was secured for a Liverpool based property investor, supporting the refinancing of 12 properties in his portfolio.
The deal, brokered by Express Mortgages, was completed in just 28 days and enabled the borrower to settle existing mortgages while raising capital to expand his property business going forward. Roma stated that the transaction "showcased the speed, efficiency, and flexibility" of the new funding solution, which launched at the start of the year.
With a 60-month term and the ability to monetise the customer’s existing portfolio, RomaPRO proved to be the perfect solution. One of the key challenges in this case was the need for a fast and efficient valuation process across multiple properties. This was overcome by using a combination of desktop assessments and automated valuation models, ensuring the deal could progress swiftly without compromising due diligence.
“We’re thrilled to have completed our first seven-figure deal using RomaPRO," commented Senior Key Account Manager at Roma Finance, Dan Hill (pictured) "This transaction perfectly demonstrates how the product is tailored to meet the needs of property investors, offering the flexibility, speed, and support required to grow their investment portfolios. The completion of this deal in just 28 days is a testament to the expertise of our team and the strength of our partnerships.”
Paul Rawson, Founder at Express Mortgages, who introduced the deal, added: “Roma Finance delivered exactly what was needed for our client. The RomaPRO product provided a structured and effective solution, allowing him to refinance his portfolio and access additional capital to reinvest in his business.
"The use of desktop valuations and AVMs played a crucial role in ensuring a smooth and timely process. This deal is a great example of how lenders and brokers can work together to deliver exceptional results for property investors.”
