The venture is the latest addition to the London Money brand, following the launch of London Money Loans last year, which provides secured loan booking services to mortgage advisers.
Martin Stewart will run London Money Commercial, along with Darren Willoughby, a highly experienced commercial finance broker. It will source commercial mortgages, development and asset finance, invoice discounting, as well as loans to pensions for businesses in London and the South East.
London Money Commercial will target introductions from mortgage brokers, financial advisers, accountants and solicitors in London and the South East, and will be based from offices in Victoria.
Martin Stewart, the founder of London Money said:
“I am delighted that we have added another piece to the London Money jigsaw. We have made a difference to brokers in the secured loan market, with the launch of London Money Loans; we believe we can do the same for commercial lending. The professionals who introduce their clients to us can be assured that they will receive a first-classservice. We will leave no stone unturned in finding the right solution for their commercial finance needs.”
Darren Willoughby, London Money Commercial co-founder, will remain a director of 2XL Commercial, which he founded over a decade ago.
Commenting on the launch, Darren said:
“London Money Commercial is a natural extension of my role at 2XL Commercial and will give brokers, advisers and other professionals in London another option for their client’s commercial finance needs.”
“We believe there is a huge knowledge gap amongst our target market and if we can fill it, we will help businesses secure the commercial finance they need to expand and enter new markets. That’s why we will be running a series of masterclasses, aimed at brokers, advisers and professional connections, informing them of the commercial finance options available to their clients.”
