Hilco Real Estate Finance completes £4.66m loan on Scottish Borders farm

By

Max Lewis

Hilco Real Estate Finance (“HREF”), a Hilco Global Company, has written a £4.66m loan against a 1,400 acre farm in the Scottish Borders region.  This deal is one of the largest agricultural estates in the region and represents a landmark transaction for HREF.

The 24-month facility will be used to refinance an existing loan, as well as providing new capital to reposition the borrower’s “Born in Scotland” business.

The farm includes a number of standalone properties and large areas of both agricultural land and forestry.

In addition, the borrower has established multiple small businesses under the “Born in Scotland” brand, including a microbrewery, two cafes and multiple retail souvenir stores.

Max Lewis, chief investment officer at HREF, said: 

“Agricultural is an asset class that requires a very deep understanding of both the land and the operational businesses that underpin it, with the experience and expertise of the HREF team enabling it to complete loans of this nature swiftly.”

Sean Adams, Managing Director at HREF, added:

“Whilst agricultural land is fundamentally a liquid asset, there are a range of challenges around title and the wider farming business that require a lender that can really get to grips with this asset class.

This loan again demonstrates the breadth of asset classes HREF has expertise in.”

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