Fiduciam has secured a new funding line worth £100m which from Q4 this year is to be deployed over the next two years.

The specialist lender said the new funding would allow it to support SME housebuilders with 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 £25m 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.

Head of Fiduciam’s UK team, Thomas Reeve, said that firm is expecting its bridging and development loan offerings to be in “strong demand”, 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,” Reeve said. “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.”

Head of Fiduciam’s origination for the UK, Louisa Holland-Hibbert, added: “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.”

---