Roma Finance has provided a £1.1m commercial bridge loan to Hatters Square Limited, the property holding company behind a food and drinks hall on Market Street in Denton, completing the transaction within seven days.
The facility was structured at 55% loan-to-value 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 assessing potential longer-term exit options.
Borrower profile
Hatters Square Limited is co-owned by Michael Street, a 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, which is currently occupied by tenants operating it as a food and drinks hall.
The 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 relevant criteria, the borrower could transition to longer-term finance with Roma.
Market context
The transaction follows Roma’s launch of a commercial mortgage product, extending 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.
Michael Allison, commercial director at Roma Finance, said the deal reflected the development of the firm’s commercial proposition. “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,” he said.
Michael Street, co-owner of Hatters Square Limited, said: “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 structure gives borrowers the potential to remain with the same lender across different stages of a project, according to Roma. The completion comes as property industry consolidation continues, while firms invest in technology platforms to support operational growth.
