Fiduciam celebrated their Manchester office opening with the completion of a £9m development loan for a student accommodation in Northern England in a record time of six working days.
Fiduciam has hired Chris Parr to head up its new northern office. Chris has worked in bridge lending for over 12 years, having worked at both Precise Mortgages and Masthaven prior to working at Tuscan Capital, which he now leaves to join Fiduciam.
The Financial Intermediary and Broker Association’s drive to enhance lending to small and medium sized enterprises (SMEs) has lead Fiduciam to become a lender partner of the association.
German SMEs, entrepreneurs and real estate developers now have access to Fiduciam’s bridging loan solutions, thanks to the new lending structure Fiduciam has established in Germany in cooperation with MHB-Bank in Frankfurt.
London-basedbrokers are getting a growing volume of requests for bridging loans from borrowers overseas as well as from UK borrowers in respect of overseas projects. Fiduciam is well positioned to benefit from this trend.
