Over just six weeks, Fiduciam worked with three different law firms across three jurisdictions to provide our client with the funds and time to continue their business, and mitigate the impact of the past year.
In just 6 weeks Fiduciam has provided £7.5 million in funding for the refurbishment and reopening of a hotel in Cornwall. Despite facing a highly complex planning and title situation, we have completed the transaction quickly so that the hotel could accommodate the G7 police forces.
Once more, Fiduciam has overcome a problem that many developers face with traditional bank financing. This loan enabled the developer to settle both the main contractor account and redeem a Spanish bank loan in full.
Now planning permission has been granted for a manufacturing plant in Ebbw Vale in South Wales, Fiduciam has provided TVR with a further £2 million loan. The first cars are expected to be delivered in 2022.
The new team has a nationwide lending appetite and an ambitious target of £55 million for lending in 2022. Fiduciam’s interest rates in Scotland remain fully aligned with those offered in England and Wales.
