• Login
SUBSCRIBE TO OUR NEWS EMAILS
Tuesday, 19 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

Fiduciam completes €5m bridge against French property portfolio

by Kevin Rose
13 November 2018
Fiduciam completes €5m bridge against French property portfolio
Share on FacebookShare on TwitterShare on LinkedIn

Fiduciam has completed its first loan secured on French real estate.

The €5 million bridging loan is secured against a portfolio of French properties, including a hotel. The loan was granted for a term of two years.

This is not its first deal in Europe, however; it completed its first bridging loan in the Netherlands in 2015 and its first loan in Ireland in 2016.

Fiduciam established an office in the Netherlands earlier this year to cater for growing demand in the local market. It also has a strong following amongst Irish real estate professionals, farmers, manufacturing companies and entrepreneurs.

Last year, Fiduciam expanded into Spain; initially its bridging and development loans were aimed at UK developers in Spain who were often trying to extract liquidity from their Spanish real estate, but now Fiduciam also caters for the domestic market.

This latest deal in France marks the next stage of Fiduciam’s expansion into continental Europe and involves legal teams in the UK, France and Switzerland, which is where the client lives.

Johan Groothaert, CEO and co-founder of Fiduciam, said: “International owners of French real estate often find it very difficult to obtain finance from local banks. Only a few private banks are open to these clients and they require the clients to move part of their private banking portfolio to them.

“So we have developed a genuinely innovative structure to lend against French real estate whereby we can take security without having to take a mortgage in many cases, and our interest rates are at the same levels as in the UK.  By lending in this way, Fiduciam is able to save its clients from paying the stamp duty and notary fees, which can be very high in France.”

In order to develop and expand their offering in this growing area, Fiduciam has hired three French case managers, all based in London.

Groothaert added: “We are currently working on several other loans secured over real estate in France so expect to be announcing our next completed deal again soon.”

ShareTweetShare
Previous Post

L&G unveils income protection adviser hub

Next Post

Second charge market gaining traction

Next Post
Second charge market gaining traction

Second charge market gaining traction

Pepper Money simplifies adverse product offering

Pepper Money simplifies adverse product offering

Countrywide expects house sales to be down in 2017

Precise's parent sees 27% increase in loan book

CLICK FOR COVID-19 LATEST

Glenhawk plans launch of homeowner products in 2019

IMLA: expect 2021 gross mortgage lending rise

17 January 2021
Warning sounded over informal lease extensions

Target Group sounds BBLS warning

14 January 2021
SMEs worried about their prospects over next 12 months

44% of intermediaries looking forward to 2021

14 January 2021

LIMITED COMPANY BTL REPORT

Most Popular

  • Philip George becomes Equifinance NED

    Philip George becomes Equifinance NED

    0 shares
    Share 0 Tweet 0
  • Nationwide introduces swathe of mortgage rate cuts

    0 shares
    Share 0 Tweet 0
  • Target Group sounds BBLS warning

    0 shares
    Share 0 Tweet 0
  • Octane Capital reaches redemptions milestone

    0 shares
    Share 0 Tweet 0
  • IMLA: expect 2021 gross mortgage lending rise

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

West One relaunches offering with wider distribution

West One revamps second charge offering

5 days ago
Pepper Money reduces residential rates

Fleet cuts rates and extends end dates

2 weeks ago
LV=introduces pre-underwriting tool

LV= raises protection non-medical limits

2 weeks ago
Shepherds Friendly improves IP rehabilitation benefit

eKeeper unveils new CRM system for lenders

2 weeks ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.