Southampton based brokerage sources funding for the £100m Haverhill Research Park
11/10/2012

NM Property Finance are delighted to announce that they have procured a £4m Murabaha finance facility for its London based client’s Carisbrooke Investments, to assist in land acquisition and infrastructure works on the first phase of the £100m Haverhill Research Park.

Online PR News – 10-November-2012 – London, England – Southampton based brokerage NM Property Finance are delighted to announce that they have procured a £4m Murabaha finance facility for its London based client’s Carisbrooke Investments, to assist in land acquisition and infrastructure works on the 1st phase of the £100m Haverhill Research Park.

Nigel Morgan, Principal of NM Property Finance says “We are delighted to have organised this funding on such competitive terms, we had hoped to place this business with one of the main High Street banks but despite the client having £10m of pre-sales there was no appetite. This scenario clearly demonstrates the value of an experienced brokerage as we were able to place the business with one of the Islamic banks who are keen to lend to experienced borrowers with first class development projects in good locations.”

Haverhill Research Park is a 30-acre scheme at the gateway to Haverhill from Cambridge and will comprise of 450,000 square feet of research and business space, 150 new homes, a hotel, restaurant and day nursery.

Nic Rumsey of Carisbrooke Investments says “ Nigel has proven invaluable in helping us get this complicated transaction off the ground. His comprehensive market knowledge quickly identified active lenders and his ongoing advice and negotiation skills ensured we got the best possible terms.”

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