Fiduciam has hired Chris Parr to head up its new northern office as the lender looks to expand its activities in the north of the country,
Parr is well known in the short-term lending space following stints at both Precise Mortgages and Masthaven and most recently Tuscan Capital.
Fiduciam is also looking to expand the office by hiring a number of case managers in Manchester as part of its 2019 hiring programme.
Fiduciam announced plans back in January to make 25 new hires this year and double its lending to £250m of new loans. So far this year it has already hired 12 new staff, based in its London office and is now looking to expand this to other geographic regions
Chris Parr, business development manager, 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, added: “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.”