Friday, October 22, 2021

Commercial finance broker sees record June

Specialist commercial finance broker, Xander Wealth Commercial finance has surpassed £10m worth of development loans and private investment raised, after a record-breaking month in June 2021.

The Leeds-based company has completed the financing of three major projects.

The firm has recently completed funding to the tune of £3,215,000 between three projects across the North on England including £720,000 towards the completion of ten family homes in South Hiendly near Barnsley.

The Yorkshire firm has also spread its wings outside of the county. A £1.045m deal in the Chorlton Green area of Manchester has helped to fund the construction of four luxury modern homes. In this case, Xander Wealth Commercial Finance stepped in when the development experienced delays due to the pandemic, with the arrangement of a special CBILS loan designed for these unique times, which helped re-finance and rescue the project.

Over in Crosby, near Liverpool, Xander Wealth Commercial Finance also structured £1.45m worth of private finance for the acquisition and refurbishment of an historic Victorian mansion and rear coaching house into thirteen apartments.

These three deals, plus other previous investments, have helped push Xander Wealth Commercial Finance past the £10m worth of investment loans completed to date mark.

Xander Wealth Commercial Finance founder, Kristian Alexander Wilkinson FCMI, said: “For a relatively new finance business, barely out of our second year, to surpass £10m despite Covid challenges is an amazing achievement and testament to both the resilience of the economy and confidence of investors in the North of England.”

Last year Xander Wealth Commercial Finance undertook its first multi-million-pound deal with the construction of 17 luxury apartments in Scarborough.

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