Client Challenge

The client, the owner of a large multi-let industrial and retail unit in Manchester City Centre, faced a pressing challenge as their existing loan was nearing expiry. The original deal had been secured during a period of low interest rates, and refinancing at current rates presented the potential for significantly higher repayments.

Solution

2XL Commercial’s MD, Darren Willoughby, stepped in to deliver a tailored and cost-effective solution. After understanding the client’s unique financial situation, Darren diligently worked to secure a £450k commercial investment mortgage. This allowed the client to refinance the expiring loan with terms that met their needs and expectations.

Client Outcome

The new facility ensured that the property’s financial structure remained sustainable while minimising the financial impact of refinancing at higher interest rates. The client was so impressed with the professionalism, efficiency, and communication throughout the process that they left the following testimonial:

“If you require a loan/remortgage, I cannot recommend Darren at 2XL Commercial enough. From start to finish, Darren was professional, efficient, and communicated excellently. Personally, I wouldn’t hesitate to return to Darren for future needs. For me, working with Darren is 5 stars—6 if it were an option!”

Reflection from Darren Willoughby:
“It can be challenging for clients coming out of a deal from a low-interest-rate period, but we worked diligently to provide a solution that worked for them. Receiving such a glowing testimonial is a great reflection of the hard work we put into delivering a first-class service.”

Conclusion

2XL Commercial’s expertise in navigating complex refinancing scenarios highlights its dedication to providing bespoke, client-focused solutions. If you’re facing refinancing challenges or need a commercial finance solution, 2XL Commercial is here to help.