Refinance - Maryhill Housing was created in 1977 in a tenement in the East Park area of Maryhill, Glasgow.
Refinance - Maryhill Housing was created in 1977 in a tenement in the East Park area of Maryhill, Glasgow.
1 PagesCase Study Objective (i) To increase Maryhill’s financial capacity and obtain maximum freedom over its future borrowing; (ii) increase the total available funding from £19.5m to £35.5m to fund a 350-unit development programme; and (iii) deal with the expiry of availability of the existing loan What we did DTP Reviewed Maryhill’s existing borrowing arrangements totalling £19.5m and covenants with Royal Bank of Scotland, which dated back to the stock transfer in 2011. It included a wider review of the association’s treasury arrangements, including review of business plan assumptions, to ensure the association gave full consideration to the range of options available in respect of both its existing and future borrowing capability. DTP provided both business planning and treasury
