Commercial News

Fiduciam expands northern presence

Rozi Jones -
|
1st May 2019
Chris Parr Fiduciam
"I am eager to build a strong presence for Fiduciam in the North."

Short to medium term lender Fiduciam has hired Chris Parr to head up its new Manchester office as it seeks to expand its lending activities in the north of England.

Chris joins Fiduciam from Tuscan Capital and has held previous roles at Precise Mortgages and Masthaven.

The opening of the new office will also involve relocating some staff from its head office in London up to Manchester.

Fiduciam is also planning to hire a number of case managers in Manchester as part of its 2019 hiring programme.

Chris Parr said: “I am eager to build a strong presence for Fiduciam in the North. Fiduciam has more flexible funding facilities than most other lenders, allowing it to offer a broader spectrum of bridging solutions. Fiduciam’s pipeline of bridging, development and business lending in the north is already strong, and I am looking forward to expanding this still further to help achieve Fiduciam’s ambitious plans for this region. There is a lot of demand in the north that is currently not being met so we aim to fill this gap.”

Clint White, head of property lending at Fiduciam, commented: “Fiduciam already does a large part of its UK business in the north of England and therefore it makes sense to have a local presence in Manchester from where we can better provide this service. In Chris Parr we have a really high calibre person who can drive our Manchester office and help us to achieve our ambitious plans.

“As we intend to double our UK loan book this year and the London real estate market remains subdued, our Manchester office is an important investment and a positive step forward for us, enabling us to better meet the demand that we know is there.”

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