Fiduciam adds to Spanish team
Fiduciam has increased its Spanish team to eight following three new members over the team.
Fiduciam began lending in Spain in January 2018 and is currently processing a pipeline of €70 million of loans due to close by the end of October in Spain.
All team members will be based in London but fully dedicated to the Spanish market.
Fiduciam’s clients in Spain include British expats who are now real estate developers in Spain, but also large family-owned Spanish industrial companies that need solutions for special situations.
Johan Groothaert, chief executive of Fiduciam, said: “We are incredibly proud of our Spanish team.
“Even though expectations were already high at the outset, we are surprised by the strong uptake of our loan solutions in Spain.
“Fiduciam’s lending infrastructure is optimised to handle multiple jurisdictions and currencies, and we have invested substantial resources in widening our platform to cover Spain.
“With the new team members joining, we now have a real Spanish community in our London office; some of us have even started learning Spanish.
“It is a great country so it is always pleasant to look at projects and to meet with borrowers there.”