Commercial finance firm completes £3.5m deal for property investor
Leicestershire-based 2XL Commercial Finance has completed a £3.5m refinance and capital raise for a student property company in Leicester
The deal has enabled Lander Ventures to refinance away from its existing bank and raise “significant” capital to invest in future projects and further investment in the student market in Leicester
Sean Lander, managing director of Lander Ventures, said: “I was introduced to 2XL via a friend who had recommended them. From start to finish I worked closely with Darren selecting the best product, negotiating terms and most importantly getting the deal across the line in about one weeks. This has been a very positive experience and I fully recommend his services. Darren is fully committed to each client and is exactly what you need to drive your business forward. A first class service”
Darren Willoughby, manading director of 2XL Commercial Finance, added: “It was a pleasure to work with such professional clients on such a large scale refinance who provide top quality accommodation in Leicester , especially against the backdrop of rising interest rates – The deal allows the clients to grow the portfolio significantly whilst also providing long term stability against possible further rate increases in the market.
“This is one of many seven figure deals the team have done at 2XL Commercial Finance this year and is testament to the team’s ability to place larger debt quantums.”
Senior lending manager Emma Goodyear at Aldermore said: “It was a pleasure for us to support this transaction for Darren at 2XL and his clients, a great opportunity for the bank which was executed well by all parties to ensure a very quick completion time to ensure protection against rising interest rates. We look forward to working with him again in the future.”