kenneth duffy

Fiduciam aims to lend €50m in Ireland and open new Belfast office

Fiduciam has revealed plans to lend €50m (approximately £44.9m) across the Republic of Ireland and Northern Ireland as well as open a new office in Belfast.

The bridging and marketplace lender — which began lending in Ireland in early 2017 — has also hired a new case manager to help with the increase in enquiries.

To date, Fiduciam has loaned a total of €72.2m (approximately £65.3m) in the Republic and Northern Ireland across residential property, hotels, farms, care homes and other commercial enterprises.

“From an Irish perspective, the past three years have been incredibly challenging,” said Kenneth Duffy, country manager for Ireland at Fiduciam (pictured above).

“The country has navigated Brexit and is now dealing with an outbreak of the coronavirus.

“Throughout all the economic uncertainty, Fiduciam has remained fully committed to the Irish market.”

Kenneth added that Fiduciam’s commitment had “paid off thus far”, following its year-on-year market share increase, and he expected that this would continue into 2020, once the coronavirus had “run its course”.

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