£10m worth of investments completed by commercial finance broker
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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 recently completed the financing of three major projects despite the ongoing pandemic.
It has completed funding to the tune of £3,215,000 between three projects across the North on England including £720,000 towards the building of ten family homes in South Hiendly, near Barnsley.
The firm has also spread its wings outside of Yorkshire. A £1.045m deal in the Chorlton Green area of Manchester has helped fund the construction of four luxury modern homes.
Xander Wealth Commercial Finance stepped in when the development experienced delays due to the pandemic, with the arrangement of a special CBILS loan which helped re-finance and rescue the project.
In Crosby, near Liverpool, the business structured £1.45m worth of private finance for the acquisition and conversion of an historic Victorian mansion and coaching house into 13 luxurious apartments.
Xander Wealth Commercial Finance founder, Kristian Alexander Wilkinson, 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.
“This, coupled with our in-house bespoke software which matches our investors criteria to each application, has laid the groundworks for our success.”
Last year Xander Wealth Commercial Finance undertook its first multi-million pound deal with the construction of 17 luxury apartments in Scarborough.
The business is currently they working on more projects in Wales, Cornwall, Bristol and London, as well as deals in Yorkshire.
By the end of 2021, the firm says it aims to have structured and arranged finance packages worth an additional £20m, taking the total funds to date raised up to £30m in just three years of trading.