PROPERTY DEVELOPMENT, ASSET-BACKED LENDING, AND RENEWABLE ENERGY

Our Adapt IHT Portfolios invest in opportunities that meet the qualification requirements for Business Relief and have real businesses at their core. These investment opportunities are currently in the form of asset backed lending, property development finance and renewable energy generation.”

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ADAPT

INHERITANCE TAX PORTFOLIOS

PROPERTY DEVELOPMENT

LYELL TRADING LTD

ASSET-BACKED LENDINGHENSLOW TRADING LTD

RENEWABLES SEDGWICK TRADING LTD

RICHARD COOK CHIEF EXECUTIVE

Restaurant, Liverpool

The Adapt IHT portfolios have provided a bridging loan to a restaurateur based in the heart of Liverpool’s bohemian Ropewalks district. The restaurant, which is currently trading successfully, is situated in a former Grade II Roman-Catholic church dating back to 1788. It was converted into a bar and restaurant in 2005. The restaurant has an eclectic Cuban-Latin atmosphere, offering samba afternoon teas and Sunday service gospel brunches.

DEVELOPMENT

FINANCE ARRANGED

FINANCE PERIOD

SECURITY

LOAN TO VALUE

STATUS

LIVERPOOL

£2.1M

12 MONTHS

FIRST CHARGE

62%

ACTIVE

Residential Development, London

The Adapt IHT Portfolios have provided a property development loan for the partial demolition of an existing building and the construction of a new, high-end, three- storey residential house.

The property is in North Kensington, in a prime residential area with good transport links and amenities. The new dwelling will consist of a master suite, four other bedrooms, a gymnasium, wine cellar and a cinema room.

DEVELOPMENT

FINANCE ARRANGED

FINANCE PERIOD

SECURITY

LOAN TO VALUE

STATUS

LONDON

£4.5M

17 MONTHS

FIRST CHARGE

56%

ACTIVE

Eco Lodges, Doncaster

The Adapt IHT Portfolios have provided a property development loan for the construction of fifty eco lodges around a scenic lake that will become a holiday destination upon completion. This follows on from a bridging loan provided on the same property. The site currently operates as a tourist destination, attracting Europe-wide media coverage through fishing competitions and fishery exchanges. At present, there is a marketing suite, club-house, shop and fishing lodges on the south lake, as well as planning approval for a 104 bed hotel.

DEVELOPMENT

FINANCE ARRANGED

FINANCE PERIOD

SECURITY

LOAN TO VALUE

STATUS

DONCASTER

£12.8M

18 MONTHS

FIRST CHARGE

54%

ACTIVE

Hotel, Belfast

The Adapt IHT portfolios have provided a development loan to an experienced property developer and hotelier with a prime site in Belfast city centre. The development, which was already partially complete, sits in a prominent position in Donegall Square, opposite Belfast City Hall and adjacent to the Titanic Memorials, resulting in heavy footfall from passing tourists.

The borrowers are part way through redeveloping the site into a 4-star boutique hotel. Once complete it will house a restaurant, lounge bar, cocktail bar, events space and 80 luxury en-suite bedrooms.

DEVELOPMENT

FINANCE ARRANGED

FINANCE PERIOD

SECURITY

LOAN TO VALUE

STATUS

BELFAST

£6.3M

7 MONTHS

FIRST CHARGE

58%

ACTIVE

Ark Hill Wind Farm

Operational since March 2013 and located near Forfar (15 miles north of Dundee), the project is comprised of eight Enercon turbines. Each has a capacity of 0.8MW (6.4MW total capacity) and receives benefits from ROC subsidies.

The estimated annual generation of about 18 gigawatt hours (GWh) is enough to supply about 3,000 to 3,500 homes a year. DEVELOPMENT

SECURITY

6.4MW WIND FARM, FORFAR,

SCOTLAND

LONG-TERM PREDICTABLE REVENUES

FROM ROC SUBSIDIES AND ELECTRICITY

SOLD TO THE GRID VIA A PPA

Dale FarmIn 2018, we acquired a custom-built 4.996 megawatt (MW) ground-mounted solar photovoltaic (PV) installation based in County Derry, Northern Ireland. The project receives regular income for the electricity generated that is supplied to the grid, as well as payments from a host-power purchase agreement (PPA) with a neighbouring dairy farm.

The site is fully operational, receiving 20-year benefits from Renewable Obligation Certificate (ROC) subsidies. It is protected under an Engineering, Procurement and Construction (EPC) warranty, and insurance policies.

DEVELOPMENT

SECURITY

4.996MW SOLAR PARK, COUNTY DERRY,

NORTHERN IRELAND

LONG-TERM PREDICTABLE REVENUES

FROM ROC SUBSIDIES AND ELECTRICITY

SOLD TO A LOCAL DAIRY FARM VIA A

PPA

Ferneylea Wind Farm

Blackfinch acquired a portfolio of two operational wind turbines based on land at Ferneylea, Berwickshire. The Enercon turbines, each with a capacity of 0.75MW (totalling at 1.5MW), have been operational since December 2014 and benefit from FiT subsidies.

The farm’s estimated annual generation of about 4.2 GWh is enough to supply about 700 to 800 homes a year.

DEVELOPMENT

SECURITY

1 .5MW WIND FARM, FERNEYLEA,

BERWICKSHIRE.

LONG-TERM PREDICTABLE REVENUES

FROM FIT SUBSIDIES AND ELECTRICITY

SOLD TO OPUS VIA A PPA

RooftopsOur portfolio of 24 commercial rooftop installations has a 2.86MW peak capacity (with sites ranging from 30–250k watt peak capacity [Wp]), giving the portfolio higher average Feed in Tariff (FiT) Generation rates than most ground-mount solar PV installations.

Onsite PPA consumption is expected to average 80%+. The portfolio has protection against potential shortfalls from a third party, including a 20-year annual energy yield guarantee. The installations are on existing buildings, meaning they pay no rent or import electricity, reducing costs and improving yield and security.

DEVELOPMENT

SECURITY

2.86MW ROOFTOP PORTFOLIO, UK

LONG-TERM PREDICTABLE REVENUES

FROM GOVERNMENT-BACKED FEED IN

TARIFF (FIT) SUBSIDIES AND ON-SITE

PPAS

IMPORTANT INFORMATION: THIS DOCUMENT IS ISSUED BY BLACKFINCH INVESTMENTS LIMITED (BLACKFINCH), WHICH IS AUTHORISED

AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FCA NUMBER 153860). REGISTERED ADDRESS: 1350-1360 MONTPELLIER COURT,

GLOUCESTER BUSINESS PARK, GLOUCESTER, GL3 4AH. REGISTERED IN ENGLAND AND WALES COMPANY NUMBER 02705948. THIS

DOCUMENT IS FOR INTERMEDIARY INFORMATION ONLY AND DOES NOT FORM ANY OFFER OR INVITATION TO INVEST. ALL INFORMATION

CORRECT AS AT FEBRUARY 2019. ANY DECISION TO INVEST IN THIS SERVICE SHOULD NOT BE BASED ON THIS DOCUMENT BUT

RATHER MADE BASED ON THE INFORMATION CONTAINED IN THE BROCHURES AND TERMS AND CONDITIONS. WHILST BLACKFINCH HAS

TAKEN ALL REASONABLE CARE TO ENSURE THAT ALL THE FACTS STATED IN THIS DOCUMENT ARE CORRECT, NO REPRESENTATION OR

WARRANTY, EXPRESSLY OR IMPLIED, IS GIVEN AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR OPINIONS CONTAINED

IN THIS DOCUMENT AND NO LIABILITY IS ACCEPTED BY BLACKFINCH INVESTMENTS LIMITED, OR ANY OF THEIR DIRECTORS, MEMBERS,

OFFICERS, EMPLOYERS, AGENTS OR ADVISERS, FOR ANY SUCH INFORMATION OR OPINION.