Bridging Finance For Hydro Project In Scotland

The Scenario

A farmer in the borders of Scotland required finance for a hydro plant on his land but was not prepared to give away equity to fund the project.

The solution

The key to the deal was finding a lender who understood the project and was prepared to lend at a competitive rate of interest.

A specialist lender was pinpointed who quickly established the project was in a good catchment area and that the construction process would be straightforward. The lender was comfortable in providing a £2.6m short term 1st charge bridging loan for a 30 month term.

On completion of the project the client was able to refinance the hydro plant onto a longer term commercial finance deal.