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Fiduciam secures largest German deal to date

07 November 2019

Bridging lender Fiduciam has completed its largest German deal to date, with a complex €3.5 million transaction to a prominent local real-estate investor in the North Rhine-Westphalia region. The deal provides strong evidence that Fiduciam’s dynamic approach has successfully taken root following its expansion into Germany earlier in the year.

The borrower, a prominent and experienced real estate investor, 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.

The portfolio includes a 14-unit residential building which was not yet fully completed; an old mining station which is now a fully occupied commercial property with listed heritage status, and a large plot of construction land with an existing structure that needed to be demolished to make way for further residential development. There were also multiple borrowers with different legal structures including a number of SPVs.

Fiduciam’s flexible approach meant that it was able to take on the project when high street banks would not, which enabled the deal to go through.

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 €25 million, with interest rates starting at just 0.6% per month and terms of up to three years.

Henrik Takkenberg, co-founder of Fiduciam says, “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 BDM for Germany comments, “Fiduciam is particularly well-equipped to arrange finance up to €25 million, 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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