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The bridging sector is one of the few financial markets that has escaped the complete governance of the Financial Conduct Authority. Although bridging loans obtained for residential use are regulated, those for business or investment purposes are not. How long can the market withstand such a contradict- ory ....
Fiduciam secures £400m additional funding and cuts interest rates bridgingandcommercial.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bridgingandcommercial.co.uk Daily Mail and Mail on Sunday newspapers.
Fiduciam, the Institutionally-Funded Short-Term Lender to Housebuilders, Is Planning Major Expansion in Scotland crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
The loan had to cater for both the recommencement of trading and the upgrade of the building. It took Fiduciam six weeks to grant the loan, which involved a complex planning and title situation. The lender had to complete its loan within one week from exchange of contracts, as the hotel is going to be used for housing G7 police forces. Johan Groothaert, chief executive of Fiduciam, said: “Treloyhan Manor is an absolutely splendid building in a stunning location. “It needs substantial investment though, as it has fallen into disrepair over the years. “This situation is reflective of many other hotels in the UK, and we are here to help to finance their upgrades and transformations to meet the expectations of today’s tourists and travellers. ....