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Fiduciam appoints Parr to head Manchester office and northern expansion

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  • 01/05/2019
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Fiduciam appoints Parr to head Manchester office and northern expansion
Short-term lender Fiduciam has recruited Chris Parr to head up its new office in Manchester as it grows the northern operation to counter a quiet London market.

 

The firm said the hire would allow it to expand its lending in the north of England, and follows its opening of a new international office in Frankfurt, Germany earlier this year.

In January, Fiduciam told Specialist Lending Solutions about its aims to potentially double lending this year to around £250m alongside significant geographical expansion.

Parr (pictured), who joins as business development manager from Tuscan Capital, boasts 12 years of experience in bridging, having previously worked at both Precise Mortgages and Masthaven.

 

Case managers hiring

As part of the northern expansion, some staff will be relocated from Fiduciam’s head office in London. It also plans to hire a number of case managers in Manchester.

Parr noted that Fiduciam already had a strong pipeline of bridging, development and business lending in the north, adding: “There is a lot of demand in the north that is currently not being met so we aim to fill this gap.”

Clint White, head of property lending at Fiduciam, said that with the firm already doing a large part of its UK business in the north, it made sense to have a local presence.

“As we intend to double our UK loan book this year and the London real estate market remains subdued, our Manchester office is an important investment and a positive step forward for us, enabling us to better meet the demand that we know is there,” White continued.

 

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