Cristina Villen Ortega explains in this interview why Fiduciam is the perfect financing partner for many Spanish entrepreneurs and SMEs. Brush up your Spanish language skills and read about it
1 developer, 3 jurisdictions, 6 villas, €30 million. Read all about how our team Fiduciam España made the execution of this ambitious project in Mallorca possible.
A major milestone: 75% of Fiduciam’s coronavirus loans have been repaid, with no defaults. Therefore Fiduciam has not called on the government guarantee to date but has been paying a considerable premium for it, a win-win for all.
The facility supports the investor’s property acquisition plans for the first half of 2023 and beyond, which involves the creation of a large new cross border portfolio.
Fiduciam granted a repeat borrower a £4.3 million conversion facility at 70% loan-to-value to transform the seven-storey Britannia Warehouse in Gloucester from office into an apartment building. The development budget, is fully funded by the facility. Works will be monitored by one of Fiduciam’s trusted project monitors, with development costs being paid through monthly loan drawdowns. The development finance facility benefits from generous contingency and completion deadline terms to provide sufficient flexibility to manage the repercussions of the global supply chain crisis. Once the conversion is completed the property will comprise 38 apartments, further enhancing the appeal of Gloucester’s historic docks.
