Commercial Finance
Fiduciam scores best month of lending in October
Fiduciam completed £43.5m in new loans in October, giving the lender what it called its “best month” since it was established.
Its largest German deal – a €3.5 transaction to a real estate investor – contributed to the total loans arranged during the month.
The transaction was a refinancing of an acquisition loan for part of a portfolio of properties containing multiple asset classes at different development stages.
Growth targets
The company has continued to grow appointing 25 staff this year. It now wants to hire additional case managers, underwriters and operations staff to help meet its 2020 growth targets.
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Johan Groothaert (pictured), chief executive, said: “The void left by the traditional banks means that demand for our loan product continues to grow across the UK and European jurisdictions in which we lend.
“Our pipeline is very strong going into the end of the year and further consolidation in the marketplace lending sector will put us in an excellent position entering 2020.”