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Information request and response under the Freedom of Information (Scotland) Act 2002
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.
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.
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.
Please quote the FOI reference
Central Enquiry Unit
Phone: 0300 244 4000
The Scottish Government
St Andrews House