Specialist short-term lender, Fiduciam, has secured £400m of new funding to be deployed in 2022.

Fiduciam has confirmed it will expand its operations and lower interest rates as a result.

The lender’s interest rates will now start at just 0.55% per month for bridging loans, 0.57% per month for permitted development and conversion loans, and at 0.61% per month for ground-up development.

Fiduciam’s loans range from £250,000 to £25m and have a term of six months to three years, with LTVs available up to 75% for residential property, and up to 65% for commercial property.

The lender suggested its commercial and development loan offerings will be in strong demand over the course of 2022 as the economy recovers from the pandemic, and projects previously put on hold now see the light of the day.

“The additional £400m 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,” Fiduciam CEO, Johan Groothaert, commented.

“We are expanding our lending operations across all markets, the UK as well as Spain, Ireland, the Netherlands and Germany. This year promises to be a very busy year and we look forward to assisting as many entrepreneurs as possible to turn their projects into reality.”

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