Insight
We are delighted to have acted for the Scottish Borders Housing Association (SBHA) in securing a £58 million facility from Royal Bank of Scotland to support investment for the delivery of 300 new homes over the next seven years.
The Public Sector team at Harper Macleod carried out a comprehensive property charging exercise involving the securitisation of a significant part of SBHA’s property portfolio and the negotiation of the funding documentation, all within a very tight timescale.
The deal opens new doors for SBHA to enhance their current offering and contribute to the economic recovery of the Scottish Borders with much-needed affordable homes, will help generate job creation, SBHA being a large employer of 148 employees within the community and bolster growth of regional supply chains .
Alongside the new developments, the facility will support investment in current tenants’ homes in future proofing through improved energy efficiency and ensure a Just Transition to Net-Zero.