Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
Roma Finance Completes First Commercial Mortgage Deal in Market Harborough
Lender Roma Finance has completed its first commercial mortgage transaction, providing £2.4 million in funding over a 15-year term to Alistructures Limited. The loan supports Hermitage Works Business Park in Market Harborough.
The facility carries a five-year fixed rate of 8.52% at a 63% loan-to-value, secured against a market valuation of £4.2 million.
What the deal involves
According to the report, the transaction marks Roma Finance's entry into commercial mortgage lending, with the £2.4 million facility structured as long-term funding of 15 years for the borrower, Alistructures Limited.
The security is Hermitage Works Business Park, a commercial property in Market Harborough valued at £4.2 million. The 63% loan-to-value means the borrowing sits well below the assessed market value of the asset.
Why it matters for the market
For professionals across the UK property sector, including letting agents and inventory clerks with commercial clients, the completion of a first commercial mortgage deal by an established lender is a notable development in commercial finance.
The five-year fixed rate of 8.52% gives the borrower rate certainty over the medium term, while the 15-year term reflects a long-hold approach to commercial property investment.
At a glance
- Lender: Roma Finance
- Loan amount: £2.4 million
- Term: 15 years
- Fixed rate: 8.52% for five years
- Loan-to-value: 63%
- Valuation: £4.2 million
- Borrower: Alistructures Limited
- Property: Hermitage Works Business Park, Market Harborough
Further details about the transaction are available in the original PropertyWire report.
Source: PropertyWire