Roma Finance has completed a £1.1m commercial bridge in seven days for Hatters Square Limited, a property holding company that owns a food and drinks hall on Market Street in Denton.
The facility was structured at 55% loan-to-value (LTV) against the property’s £2m market value, over a six-month term. It was delivered through Roma’s FLOW commercial bridging proposition, with the lender’s commercial mortgage team also involved in assessing the potential longer-term exit.
Hatters Square Limited is co-owned by Michael Street, an experienced property professional and broker, and Josh Berry, a property developer who has completed more than £4m worth of developments over the past decade. The pair acquired the Denton premises in 2024. It is currently occupied by tenants operating it as a food and drinks hall.
The new funding enabled Hatters Square Limited to repay its existing lender while giving the company time to establish a stronger trading record and complete the valuation required for its longer-term funding plans.
Subject to the property meeting the relevant criteria, the borrower could transition to longer-term finance with Roma, giving it a clear funding pathway through the same lender as its requirements develop.
Michael Allison, commercial director at Roma Finance, said, “This is a fantastic result for our commercial team and a real reflection of how much our commercial proposition has developed. We have a team with significant experience across commercial property finance, and that allows us to look beyond the immediate funding requirement and understand what the customer is ultimately trying to achieve.
“With commercial bridging, development finance and now our commercial mortgages sitting under the same umbrella, we’re in a much stronger position to support customers at different stages of their property journey. That’s something we’re really excited about.
“What’s particularly pleasing here is the opportunity to build on an existing relationship. The bridge meets the customer’s immediate requirements, but there is a clear longer-term opportunity for us to continue working with them. For us, that’s what good relationship-led lending should look like.”
Michael Street, co-owner of Hatters Square Limited, said, “This transaction came together exactly as we had hoped; with speed, clarity, and a lender who understood the opportunity from day one. As borrowers, we had a clear strategy for the building, but needed a lender that could move quickly and understood the commercial fundamentals of the deal.
“Roma was able to take a pragmatic approach, understand our respective experiences and delivered the funding in just seven days. That speed made a real difference, and the flexibility of the facility gives us the time we need to build the financial trading data and move towards longer-term funding plans.”
The completion follows the launch of Roma’s commercial mortgage product, which extends the lender’s offering beyond bridging and development finance into longer-term commercial property lending.
The product offers funding of up to £2m at up to 70% LTV, with fixed-rate and longer-term options available. Roma says the structure gives borrowers the potential to remain with the same lender across different stages of a project, and gives brokers a single point of contact as client requirements change.
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