Bridging lender Fiduciam has appointed Harry Hodell as a senior originator,  joining the business from Lendy Ltd.

He is the seventh appointment to its bridging team so far this year.

The lender says it is on track to lend £150 million in 2018, up 200% from 2017. It lends for a duration of up to three years with no exit fees, typically in the £500,000 to £10 million range but it can consider loans of up to £25 million.  Fiduciam lends in the UK but also in Ireland, the Netherlands and Spain.

Fiduciam is also planning to hire a further 15 industry professionals this year.

Johan Groothaert, director of Fiduciam, said: “Whilst having an advanced technology platform, our focus remains on traditional values such as understanding our borrowers and working closely with them to find the right solutions.

“Such an approach pays off both for the borrowers and ourselves and has resulted in our zero default rate to date.  We are excited to now have someone of Harry’s calibre join us to take our message to a wider client base.”

Hodell added: “The institutional funding model of Fiduciam and its borrower-centric DNA set it apart from many in the bridging lending industry.  I am looking forward to working closely with introducers and intermediaries to meet their clients’ needs and to expanding the number of introducers, significantly, over the next few months.”