Fiduciam is aiming to expand its lending activities in the north of England and to that end has opened a new office in Manchester.
This is the second new office opening that Fiduciam has made this year having opened a new international office in Frankfurt, Germany, two months ago in March.
The short to medium term lender has today (1st May) made hired Chris Parr as business development manager to head up its new northern office.
Parr (pictured) has worked in bridging lending for over 12 years, having worked at both Precise Mortgages and Masthaven prior to working at Tuscan Capital, which he now leaves to join Fiduciam.
Fiduciam is also looking to expand the office by hiring a number of case managers in Manchester as part of its 2019 hiring programme.
Parr said: “I am eager to build a strong presence for Fiduciam in the North. Fiduciam has more flexible funding facilities than most other lenders, allowing it to offer a broader spectrum of bridging solutions. Fiduciam’s pipeline of bridging, development and business lending in the north is already strong, and I am looking forward to expanding this still further to help achieve Fiduciam’s ambitious plans for this region.
“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, added: “Fiduciam already does a large part of its UK business in the north of England and therefore it makes sense to have a local presence in Manchester from where we can better provide this service. In Chris Parr we have a really high calibre person who can drive our Manchester office and help us to achieve our ambitious plans.
“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.”