Fiduciam provides €5.7m loan for Dutch office building

Fiduciam has granted a €5.7m (approximately £5.1m) loan to allow a borrower to acquire a new office building in the Netherlands.

The loan — which has an LTV of 58% as well as a maturity of 18 months — has been secured over three office buildings.

The buildings benefit from some large anchor tenants on medium-term leases and offer flexible space on a short-let basis.

“Our application pipeline is growing strongly, and we hope that our loan volumes in the second half of the year will surpass those of the first half,” said Bardo van Hoogen, country manager for the Netherlands at Fiduciam.

Henrik Takkenberg, co-founder of Fiduciam (pictured above), added: “It has become increasingly difficult for entrepreneurs, real estate investors and family offices to obtain commercial credit from the Dutch high street banks, particularly for acquisitions, transformations, exits and special situations.

“Fiduciam is filling this void, offering our clients lower interest rates than the other alternative lenders in this sector.”

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