"Fiduciam is expanding its team to better serve its clients and manage the increasing demand for short term real estate financing"
- Thomas Reeve, heading up Fiduciam’s UK team
Specialist lender Fiduciam has secured £100 million of new funding to be deployed over the next two years.
With this new funding, Fiduciam is looking to help SME housebuilders across the UK provide more residential housing to the market, in line with the new government’s priorities.
Fiduciam’s bridging and development loans range from £500,000 to £25 million and have terms of up to three years. LTVs of up to 70% are considered for residential property and up to 65% for commercial property.
Louisa Holland-Hibbert, head of Fiduciam’s origination for the UK, commented: “Our repeat client pipeline is very strong, and the large number of enquiries we are receiving is a good indication of the increasing number of projects now getting under way. The additional funding and competitive interest rates will allow us to support more new and existing borrowers across the UK.”
Thomas Reeve, heading up Fiduciam’s UK team, commented: “Fiduciam expects its bridging and development loan offerings to be in strong demand over the tail end of 2024 and throughout 2025, as interest rates start to come down and projects previously put on hold now kick into gear. With the additional funding in place, Fiduciam will be particularly competitive for financing permitted and ground-up developments. As part of this growth, Fiduciam is expanding its team to better serve its clients and manage the increasing demand for short term real estate financing, with more announcements to come in the coming weeks."
