Fiduciam secures £100m funding to support SME house builders
Posted: Tuesday, October 22nd, 2024
Specialist lender Fiduciam has secured £100 million of new funding to be deployed over the next two years, according to Financial Reporter. With this new funding, Fiduciam is looking to help SME housebuilders across the UK provide more residential housing to the market, which aligns with the new government’s priorities. Fiduciam’s bridging and development loans range from £500,000 to £25 million and have terms of up to three years. Up to 70% of LTVs are considered for residential property and up to 65% for commercial property. Louisa Holland-Hibbert, head of Fiduciam’s origination for the UK, commented: “Our repeat client pipeline is robust, and the large number of enquiries we are receiving is a good indication of the increasing number of projects getting underway. “The additional funding and competitive interest rates will allow us to support more new and existing borrowers across the UK.”
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