FOI/202100259360 · FOI · unclear
SME Liquidity Fund loan agreement for Kapital Residential Ltd: FOI release
Information requested
Information relating to the SME Liquidity Fund loan agreement for Kapital Residential Ltd. In particular: i) Whether the security against Greenfield House has been discharged by the Scottish Government; and ii) How the loan could be secured against a property which Kapital Residential Ltd does not now own.
Response
The answer to your questions are: i) Yes, the Scottish Government has discharged the security against Greenfield House ii) After the first repayment towards the loan was received on the 23rd August 2021 a valuation report confirmed that the value of Lunden Links Hotel was sufficient enough as an asset to act as security against the loan. About FOI
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.
Contact Please quote the FOI reference Central Enquiry Unit Email: ceu@gov.scot Phone: 0300 244 4000 The Scottish Government St Andrews House Regent Road Edinburgh EH1 3DG
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