Roma has introduced a new range of commercial mortgages aimed at property investors and businesses, following a significant deal with J.P. Morgan. This move is particularly important as it expands Roma’s offerings in long-term finance, allowing brokers and borrowers to access commercial mortgages alongside existing bridging and development finance products.
What are the key features of Roma’s commercial mortgages?
The new commercial mortgage products from Roma provide funding of up to £2 million, with lending available at a loan-to-value (LTV) ratio of up to 70%. Rates start at 7.1%, and borrowers have the option of fixed-rate solutions and longer-term funding, catering to both investment and owner-occupied commercial properties. This flexibility is designed to support a variety of structures, including OpCo-PropCo arrangements.
Who can benefit from these commercial mortgages?
Property investors, trading businesses, and those operating under OpCo-PropCo structures in England, Scotland, and Wales are the primary beneficiaries of Roma’s new commercial mortgages. The introduction of these products provides a viable financing option for those looking to invest in commercial real estate or expand their business operations.
What this means for property investors and brokers
This launch signifies an important development in the commercial mortgage sector, offering more choices for investors and businesses. For brokers, the ability to present a new financing option to clients can enhance their service offerings and potentially increase their business. Investors should keep an eye on how these products perform in the market, especially regarding their competitive rates and terms.
Frequently asked questions
What types of properties can be financed with Roma’s commercial mortgages?
Roma’s commercial mortgages can finance both investment properties and owner-occupied commercial properties across various sectors.
What is the maximum loan amount available through these mortgages?
The maximum loan amount available through Roma’s commercial mortgages is £2 million, with lending up to 70% LTV.