The void left by the traditional banks means that demand for Fiduciam’s loan product continues to grow across the UK and different European jurisdictions. In October Fiduciam established a new monthly origination record, lending £43.5 million.
Fiduciam closed another large loan in Germany. Six months after opening its Frankfurt office, Fiduciam is becoming well-known in Germany for short-term credit solutions.
Fiduciam accelerates its rapid expansion by hiring ten new employees during the Summer. This follows on entering two new markets this year: Germany and Scotland. Fiduciam announces it is right on track to meet its strategic objectives for 2019.
Fiduciam has expanded into Scotland and has now completed its first transaction north of the border. A specific set of lender requirements and solicitors’ instructions was created for the Scottish market – including the creation of a ‘Scots law’ facility template and security documentation set. Given this, Fiduciam is now fully equipped to cater for the Scottish market based on local customs and aims to be the first port of call for any broker with a transaction to place in Scotland.
The rapid growth of the Spanish lending business at Fiduciam has led to the hiring of three new members to the Spanish team, taking the team to a total of eight. Read more about this successful and all-women team in the lending press.