Fiduciam has secured £400 million of new funding to be lent in 2022.
As a result, its interest rates now start from 0.55% per month for bridging loans, 0.57% per month for permitted development and conversion loans, and 0.61% per month for ground-up development.
Fiduciam says it has lowered its interest rates “particularly aggressively” for loans financing permitted development, conversions, refurbishments and ground-up developments.
Thomas Reeve, heading up Fiduciam’s UK team, said: “We stood behind our clients throughout the pandemic, and provided them with £175 million of CBILS loans. As a participant in the Recovery Loan Scheme we continue to assist our borrowers as they recover from the crisis.
“After conducting an extensive competitor analysis and benchmarking exercise over the last two months, we are confident that our updated offering will be highly popular across the UK.”
Johan Groothaert (pictured), CEO of Fiduciam, added: “The additional £400 million of funding now available to be deployed in 2022 is a strong vote of confidence by our institutional funding partners, both in the economy and in Fiduciam as a lender. We are expanding our lending operations across all markets, the UK as well as Spain, Ireland, the Netherlands and Germany.
“2022 promises to be a very busy year and we look forward to assisting as many entrepreneurs as possible to turn their projects into reality.”