Fiduciam secures largest German deal to date
Fiduciam has completed its largest German deal to date.
The loan was a €3.5m transaction to a prominent local real-estate investor in the North Rhine-Westphalia region.
The borrower needed to refinance an expensive acquisition loan for part of a diverse portfolio of properties.
This contained multiple asset classes at different stages of development.
There were also multiple borrowers with different legal structures including a number of SPVs.
Fiduciam’s German subsidiary, Fiduciam GmbH, received its licence in January to introduce bridging finance solutions to German SMEs and entrepreneurs.
Loan sizes range from €500k to €25m, with interest rates starting at just 0.6% per month and terms of up to three years.
Henrik Takkenberg (pictured), co-founder of Fiduciam said: “Fiduciam is unusual in Germany in arranging this type of loan as German banks will typically not provide loans of this nature or complexity at such short notice.
“It is therefore the perfect time for Fiduciam to step up its operations in Germany, with its dynamic residential and commercial property market, especially in the SME sector in which we specialise.
“This deal is evidence that Fiduciam is taking a firm foothold in the German market.”
Robin Felgenhauer, Fiduciam’s business development manager for Germany, added: “Fiduciam is particularly well-equipped to arrange finance up to €25m, especially as there is a lack of supply in the German market at present.
“We take pride in our ability to handle complex deals that other providers cannot or will not touch.
“Because we go the extra mile, we were able to get this deal over the line and meet our client’s needs.”