Bridging lenders Oblix Capital and Fiducium report bumper lending and growth

Fiduciam expects to lend £150m in 2018, treble the amount of business carried out in 2017, to continue a pattern of 100% year-on-year growth.

The lender has taken on six new hires in the bridging team since the start of the year, with Harry Hodell this week joining as a senior originator from Lendy, and it expects to recruit another 15 roles this year.

An increased demand for ‘business bridge’ solutions in the manufacturing, healthcare, hospitality, agriculture and food industry sectors is helping to drive growth, according to the lender.

Johan Groothaert, director of Fiduciam,p said: “While having an advanced technology platform, our focus remains on traditional values such as understanding our borrowers and working closely with them to find the right solutions.

“Such an approach pays off both for the borrowers and ourselves and has resulted in our zero default rate to date.

“We are excited to now have someone of Harry’s calibre join us to take our message to a wider client base.”

Record March

At the same time, Oblix Capital reported record lending volumes in March, completing £19m of bridging and development loans.

The London based lender is also growing in size and has made a number of new appointments in recent months, including Andy Reid as sales director.

Rishi Passi, chief executive and founder of Oblix Capital added: “The whole team here at Oblix is extremely proud of this result and it follows the work we have done throughout 2017 to listen to our clients and shape our proposition to their requirements.

“This fantastic start to the year aligns us perfectly for our plans for expansion and hitting new targets in 2018.”