Xander Wealth Commercial Finance is elated to announce in the 3rd quarter of 2022, they have successfully completed a record breaking £16.7 Million of loans brokered for real estate and construction projects around the UK.
This is a phenomenal achievement and huge milestone, taking Xander Wealth Commercial Finance’s total loans completed to over £32 Million since they began trading in 2019. It really goes to show the level of hard work happening behind the desks of the Leeds based Commercial Finance Broker.
Director of Xander Wealth Commercial Finance; Kristian A Wilkinson FCMI gave this statement:
“We are delighted to surpass £30 Million of loans brokered to date. Xander Wealth have continued to grow. Despite Brexit, a Pandemic, increased global inflation/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 3rd quarter include an impressive £3.75 Million single loan inclusive of 100% funding for both acquisition of land and the build costs, for two opulent houses in Poole, Dorset. Xander Wealth also secured a £2.3 Million Development Finance facility for 10 apartments to be built within the city of York and another £2.6 Million for nine detached houses in Liverpool.
Xander Wealth Commercial Finance has secured a £2.7m investment and development finance deal for the construction of 17 apartments in Scarborough.
The deal was in partnership with a local developer.
The Leeds-based commercial finance brokerage completed the deal in May, and work on the scheme is due to start imminently, with it expected to be completed by August 2021.
The apartments — which will have wheelchair access — will be constructed using insulated concrete, made with rigid thermal insulation and interlocking modular units which are dry-stacked and filled with concrete.
Some of them have views of Scarborough’s south bay, and are located near the town centre, train station and beach.
- Funding dependent on loan book redemptions to finance current commitments could become ‘problematic’
- ‘2020 and beyond will no doubt place pressure on existing brokers to upskill’
- P2P lenders ‘must be part of the solution’ to avoid protracted impact on housebuilding activity
Xander Wealth can arrange development finance, bridging loans, commercial mortgages, and BTL for limited companies. Since inception, it has arranged funds worth over £4.2m.
Xander Wealth Commercial Finance has secured a £2.7m investment and development finance deal for the construction of 17 apartments in Scarborough.
The deal was in partnership with a local developer.
The Leeds-based commercial finance brokerage completed the deal in May, and work on the scheme is due to start imminently, with it expected to be completed by August 2021.
The apartments — which will have wheelchair access — will be constructed using insulated concrete, made with rigid thermal insulation and interlocking modular units which are dry-stacked and filled with concrete.
Some of them have views of Scarborough’s south bay, and are located near the town centre, train station and beach.
- Funding dependent on loan book redemptions to finance current commitments could become ‘problematic’
- ‘2020 and beyond will no doubt place pressure on existing brokers to upskill’
- P2P lenders ‘must be part of the solution’ to avoid protracted impact on housebuilding activity
Xander Wealth can arrange development finance, bridging loans, commercial mortgages, and BTL for limited companies. Since inception, it has arranged funds worth over £4.2m.
Specialist commercial finance broker, Xander Wealth Commercial finance have surpassed £10m worth of development loans and private investment raised, after a record-breaking month in June 2021.
The Leeds based company have completed the financing of three major projects which have contributed to an excellent year for them so far, despite the ongoing pandemic.
The Leeds based company have completed the financing of three major projects which have contributed to an excellent year for them so far, despite the ongoing pandemic.
“For a relatively new finance business, barely out of our second year, to surpass £10m despite Covid challenges is an amazing achievement and testament”.
They have 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 have also spread their wings outside of the county.