The funding is set to be deployed over the next two years, commencing from Q4 2024.

Specialist lender, Fiduciam provides loans between £500,000 to £25m with terms up to three years and LTVs up to 70% for residential properties and up to 65% LTV for commercial property.

Louisa Holland-Hibbert, head of UK origination at Fidicium (pictured above), commented: “Our repeat client pipeline is very strong, and the large number of enquiries we are receiving is a good indication of the increasing number of projects now getting under way.

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“The additional funding and competitive interest rates will allow us to support more new and existing borrowers across the UK.”

Thomas Reeve, heading up Fiduciam’s UK team, said: “Fiduciam expects its bridging and development loan offerings to be in strong demand over the tail end of 2024 and throughout 2025, as interest rates start to come down and projects previously put on hold now kick into gear.

“With the additional funding in place, Fiduciam will be particularly competitive for financing permitted and ground-up developments.

“As part of this growth, Fiduciam is expanding its team to better serve its clients and manage the increasing demand for short term real estate financing, with more announcements to come in the coming weeks."