Fiduciam offers bespoke lending services for development, commercial and rental clients, and their team emphasises the importance of personal relationships.
The team at Fiduciam understands that a personal approach is the only way to deliver true satisfaction. To this end, the team at this lender focus on developing relationships with intermediaries who know and understand their clients’ needs. This constant commitment to quality over quantity means that Fiduciam’s loan book consists only of clients they are truly dedicated to, guaranteeing an excellent level of service for all their customers.
Fiduciam specialises in three key areas of finance; development, commerce and rental property. Each of these sectors is served by a dedicated team, who understand the intricacies of the industry and their clients’ needs. However, this specialisation doesn’t mean that Fiduciam is unwilling to break out and work in new fields. The lender recently provided cornerstone funding to the Welsh supercar firm TVR, contributing to a project worth £30 million and helping to create 150 new jobs.
Personal relationships are at the heart of everything Fiduciam does. They consistently place an emphasis on working with businesses and individuals that they know and trust. Rather than just chasing big deals, Fiduciam offers finance to small and medium enterprises as well. Their bespoke approach and high-quality product range makes them an important part of their clients’ business success.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
A development scheme is usually classed as finished when the developer has received the Practical Completion Certificates.