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.
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.
