Recognise Bank completes £4.75m bridging loan for Scottish hotel and golf estate

20 July 2026

Recognise Bank has completed a £4.75m bridging loan to support the refinance and expansion of a long-established family-owned estate in Scotland.

The borrower, Tarhill Holdings Ltd, owns Kinross Estate Company which comprises of The Green Hotel and Kinross golf courses. The estate also owns extensive arable and farm land along with land with planning in place for a new golf range.

The estate has been in the same family for more than 200 years and further planning is also being sought for an eco-lodge holiday park and an assisted care village.

The finance facility, introduced by John Hewitt, Managing Partner at Lathro, was structured over a 24-month term.

The funds are being used to refinance and provide a £1m capital raise to support the continued refurbishment of the hotel, groundworks for the proposed golf range and costs towards securing planning permission for the proposed holiday lodges.

The transaction required a considered approach due to the scale and mixed-use nature of the estate, as well as the borrower’s wider plans to invest in and expand the business over the facility term.

The deal was led by Senior Lending Manager Luke Beirne, supported by the wider lending and operations team.

Recognise Bank continues to build on its strong growth, expanding its lending proposition and operational capability to support more brokers, property professionals and SMEs across the UK.

Luke Beirne, Senior Lending Manager at Recognise Bank, said:

“This was a substantial mixed-use estate with a long family history and a clear plan for further investment. The borrower needed a facility that could refinance existing lenders while also releasing capital to support the next phase of the estate’s development.

“We worked closely with John and the borrower to understand the full picture and structure a facility that provided both certainty and flexibility. The deal is a good example of how Recognise Bank can take a practical view on more complex property-backed lending where there is a clear strategy and strong underlying asset base.”

John Hewitt, Managing Partner at Lathro, added:

“This was an important transaction for our long-standing clients, with a clear vision for the future of the estate. The mix of hotel, leisure and development potential meant the deal needed a lender that could understand the wider plan rather than looking at the assets in isolation.

“Recognise Bank took the time to understand the borrower’s objectives and worked collaboratively throughout. The facility gives the client the breathing space and capital needed to continue investing in the estate and progress the next stage of its plans.”

Jamie Montgomery, Director at Tarhill Holdings Ltd, said:

“The estate has been part of our family for generations, so it was important to work with a lender that understood both the history of the business and what we are trying to achieve next. We appreciated the practical approach taken by Luke, John and the wider team, and the certainty they provided throughout the process.”

To learn more about Recognise Bank’s bridging finance, visit: https://www.recognisebank.co.uk