
Fiduciam completes London bridging loan with interest coverage above 100%
Fiduciam provided a 70% loan-to-value (LTV) acquisition loan with a three-year term.

Fiduciam provided a 70% loan-to-value (LTV) acquisition loan with a three-year term.

Moseley has over 20 years’ experience in senior roles, most recently as managing director of global data services at Confluence.

The new funding will focus on acquisitions and asset upgrades, especially where value can be added.

Rates on bridging loans have dropped by 0.95% in the UK, and development loan rates have been reduced by 1.02%.

This funding aims to support SME housebuilders across the UK in providing more residential housing.

The opportunity comprised the acquisition of a vacant prime site in Farringdon.

De Ramon (pictured) spent six years at Linklaters Spain, before establishing the legal department of ThePower, a Spanish start-up.

The company is increasingly catering to businesses in the renewable energy sector, in addition to its regular clientele from the real estate, hospitality, leisure, manufacturing, logistics, and agricultural sectors.

Fiduciam has funded the developer since 2019 and expects the latest projects to be completed by Q2 2024.

The British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS) was designed to support the continued provision of finance to SMEs during the Covid-19 pandemic.

The facility supports the investor’s property acquisition plans for the first half of 2023 and beyond, which involves the creation of a large new cross border portfolio.

Fiduciam has provided a £3.62m loan to assist with both the acquisition and development costs of a conversion scheme in Newark-on-Trent.
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