Leicestershire-based 2XL Commercial Finance has completed a £3.5m refinance and capital raise for a student property company in Leicester
The deal allowed Lander Ventures to refinance outside of its existing bank and raise “significant” capital to invest in future projects and further invest in the Leicester student market.
Sean Lander, Managing Director of Lander Ventures, said, “I was introduced to 2XL through a friend who had recommended them. From start to finish, I worked closely with Darren to select the best product, negotiate the terms, and most importantly close the deal in about a week. This experience was very positive and I fully recommend his services. Darren is fully committed to every client and is exactly what you need to drive your business forward. First class service”
Darren Willoughby, Managing Director of 2XL Commercial Finance, added: “It has been a pleasure to work with such professional clients on such a large scale refinance who provide top quality accommodation in Leicester, particularly in the context of the rising interest rates – The agreement allows the clients to grow the portfolio significantly while providing long-term stability against possible further rate increases in the market.
“This is one of several seven-figure transactions the team has closed at 2XL Commercial Finance this year and is a testament to the team’s ability to place larger amounts of debt.”
Emma Goodyear, Senior Loans Officer at Aldermore, said: “It has been a pleasure for us to support this transaction for Darren at 2XL and his clients, a great opportunity for the bank which has been well executed by all parties to ensure a very fast turnaround time to protect against rising interest rates. We look forward to working with him again in the future. »