Fiduciam grows Spanish team to eight with new hires

Fiduciam has increased the size of its Spanish team to eight, with the addition of three new members.

The whole team consists of women and they will be based in London, but fully dedicated to the Spanish market.

The specialist lender now has a pipeline of €70m (approximately £62m) of loans due to close by the end of October in Spain.

Fiduciam claimed that it was “filling a vacuum” left by the Spanish mainstream banks and offering loans at the same interest rates typical of the UK bridging market.

Johan Groothaert, CEO at 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.

“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.”

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