£30m milestone reached at commercial finance broker
Leeds-based Xander Wealth Commercial Finance completed a record breaking £16.7m worth of loans brokered for real estate and construction projects around the UK during the third quarter of 2022.
This takes the company’s total loans completed to over £32m since it began trading in 2019.
Director, Kristian A Wilkinson, said: “Xander Wealth has continued to grow. Despite Brexit, a pandemic, increased global inflation and higher living costs, we have proven that hard work with intuition can prevail.
“The UK is, and always will be in my eyes, the best place in the world to do business.
“Xander Wealth has an amazing panel of lenders and investors who are always keen to lend/invest into UK property developers, landlords and property professionals alike.
“I anticipate a lot of disruption over the coming years, however, I am confident Xander Wealth Commercial Finance is well positioned to provide support to existing and new clients during turbulent times and fully expect we will continue to grow.”
Completions during the third quarter include a £3.75m single loan inclusive of 100% funding for both acquisition of land and the build costs, for two opulent houses in Dorset.
The business also secured a £2.3m Development Finance facility for 10 apartments to be built within York and another £2.6m for nine detached houses in Liverpool.
Xander Wealth Commercial Finance brokered its largest ever single loan during the quarter – £5.45m for a bridging loan used to refinance the development of 19 apartments above three commercial properties in central Leeds.