Category: News

Fiduciam has granted a €5.7 million loan to enable a borrower to acquire a new office building and extend their portfolio in the Netherlands.

Since the opening of Fiduciam’s Dutch branch office over a year ago, they are seeing demand for their loan product.

The main banks in the country continue to reduce their commercial real estate loan books, which means there is demand that cannot be satisfied by traditional mainstream lenders. Fiduciam is filling this void, offering lower interest rates than the other alternative lenders in this sector.

For the first time ever, Fiduciam’s monthly loan origination in Spain surpassed the €10 million mark.  As a basis for comparison, Fiduciam originated €20 million of loans in Spain in all of 2018.  Fiduciam has also set a record in delivery time, it completed a €5.5 million loan to finance the development of 2 luxury villas In Marbella in only three business days after receiving the valuation.

Fiduciam once again proves its efficient and tailored approach by completing a €3m cross-border transaction secured against a French vineyard, including 77,422 bottles of wine and 2631 hectolitres of wine in barrels as security. The complex deal involved five jurisdictions and required a  specialist RICS surveyor to assess the value of the wine.

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.