Roma Finance, a specialist finance provider, has successfully completed its first transaction in the commercial mortgage sector. The company provided Alistructures Limited with 15-year financing amounting to £2.4 million. These funds are designated for the Hermitage Works Business Park in Market Harborough.
The terms of the financing include a five-year fixed interest rate of 8.52%. The loan-to-value ratio is 63%, based on a market valuation of £4.2 million for the property in question. This transaction marks a significant step for Roma Finance in expanding its product offerings in commercial real estate finance.
The mortgage provided is structured for a term of 15 years, allowing Alistructures Limited long-term planning security. The fixed interest rate over five years offers the borrower stability regarding monthly repayments and protects against short-term interest rate fluctuations in the market. The property valuation of £4.2 million underscores the value of Hermitage Works Business Park as a sound investment.
The strategic importance of Hermitage Works Business Park in Market Harborough, a region with growing economic activity, likely played a key role in the decision for this financing. The loan amount in relation to the property's market value is an indicator of Roma Finance's conservative risk assessment and the robust nature of the underlying asset.
With this transaction, Roma Finance underlines its ability to offer tailored financing solutions for the commercial real estate sector. The provision of a long-term mortgage with fixed terms demonstrates the provider's flexibility in meeting specific customer needs while ensuring attractive conditions.
