April 9th, 2024
2XL Commercial Finance is thrilled to announce the successful completion of a significant development exit loan for a 32-apartment scheme in Nuneaton.
Having provided initial funding during the development stage, this deal enables our client to maintain ownership of the scheme as a long-term investment.
MD Darren Willoughby commented “This was an extremely taxing case and one that from inception has been in the making for over 3 years – The clients were faced with many challenges here including COVID, rising interest rates and a huge increase in material and labour costs during the development so it is testament to the clients sheer grit, determination, skill and will that they got the scheme finished – I think it is fair to say in 18 years ive never felt so personally invested in a case and confess to shedding a tear on completion – I am delighted for the client and their family that we saw this through to completion”
MD of Elliot Developments commented “In what turned out to be a prolonged and difficult series of negotiations and agreements with financial services, Darren Willoughby not only managed the process and provided direction, he went over and above anything I would reasonably expect to make sure all of our business needs were satisfied. I found his very ‘human’, professional and most importantly supportive approach the key to the desired end result and whilst delivering on business, he was always available to support no matter what problems arose and no matter the stress levels and no matter when; we as a business were under. I can categorically say Darren is the exception in the financial world and without a doubt someone I would recommend to others. 2XL is a strong business and from my experience, the go-to leader needed for any financial transactions. If I could rate higher than 5 stars I would. Fantastic service.”
