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07 October 2016 | Care Mortgages

Specialist Neuro Care Centre welcomes new owners with help from Christie Finance

Chase Park Neuro Centre, a specialist care centre for individuals with brain injuries, neurological conditions and learning or complex physical disabilities in Newcastle upon Tyne, was recently assisted with raising funding by specialist commercial mortgage broker, Christie Finance.

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Registered for 60 residents, the Centre provides specialist residential support, nursing care and rehabilitation split across a campus development.

The new owners, Dr Niraj Brahmabhatt and Nikhil Brahmabhatt, were looking for a new business to add to their existing portfolio, with a focus on neurological care. Dr Brahamabhatt has over 10 year’s experience of specialist neurological care and has practiced at some of the leading NHS and Private Hospitals in the UK.

Seeking assistance in their search from Julie Kitson at Christie & Co, She recommended Scott Murcott, Finance Consultant at Christie Finance to help source and arrange the right finance package for this specialist Centre.

When they first saw Chase Park, they approached their existing lender who declined to provide the right facility to help with the purchase. Scott was able to facilitate a ‘Whole of Market’ approach to secure the business for our client.

Scott’s comments, “I am delighted to help Niraj and Nikhil find the right funding solution to acquire Chase Park. They had encountered a few difficulties finding lenders to provide the right level of support. But with our help we were able to source an appropriate lender that could deliver the required funding.”

Nikhil commented, “I wanted to thank Scott at Christie Finance. I have been very impressed by his insight into the sector and his ability to raise funding in what was quite a complex transaction.”