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Fiduciam hits £12m record lending in Irish markets

  • 05/05/2022
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Fiduciam hits £12m record lending in Irish markets
Bridging and development lender Fiduciam has completed seven loans across Northern Ireland and the Republic of Ireland at a combined value of over £12m.


The loans, which were all completed in April, marked record lending activity for the firm. 

The total facilities amounted to £2.7m in Northern Ireland and €10.6m (£9m) across the Republic of Ireland. 

In the Republic of Ireland, these comprised of a €2.1m (£1.7m) bridging facility secured against two period dwellings in a prime residential location in Cork and a €500,000 (£42,6395) loan secured against two residential properties in County Meath for refurbishment. 

In Northern Ireland, a £1.13m facility was provided to an existing customer against three residential properties in central Belfast. This allowed them to bolster their investment portfolio by acquiring five additional properties. 

Additionally, the lender issued a £300,000 development loan to fund the construction of two new-build houses. 

There was also a cross-border transaction where three loans were issued to fund the acquisition of a development site and refinance an existing asset. 

Ken Duffy, country manager for Ireland, said: “Our strong performance in Ireland is testament to our willingness to go the extra mile for our clients.  

“We hope to continue to grow our Irish loan book throughout the remainder of 2022 by maintaining strong relationships with our repeat borrowers and expanding our footprint in the Irish market.” 

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