Henrik Takkenberg

Fiduciam completes its largest German deal

Fiduciam has completed a €3.5m (approximately £3m) deal, the bridging lender's largest in Germany to date.

The complex transaction was provided to a prominent local real estate investor in the North Rhine-Westphalia region.

An acquistion loan needed to be refinanced by the borrower for part of a diverse portfolio of properties, which contained multiple asset classes at different stages of development.

The portfolio includes a 14-unit residential building, an old mining station, which is now a fully occupied commercial property, and a large plot of construction land.

There were also multiple borrowers with different legal structures, including a number of SPVs.

“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,” claimed Henrik Takkenberg, co-founder of Fiduciam (pictured above).

Robin Felgenhauer, BDM for Germany at Fiduciam, added: “Fiduciam is particularly well equipped to arrange finance up to €25m (approximately £21m), 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.”

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