Financing a French Vineyard

Fiduciam provided working capital to a Luxembourg-owned vineyard in France.  The vineyard produces a biodynamic wine, which is also available in the UK.  The three-year commercial mortgage was structured as a multi-drawdown facility of €3m with an initial drawdown of €750,000.  Fiduciam took a charge over the vineyard, but in addition it also took security over 77,422 bottles of wine and 2,631 hectolitres of wine in barrels.  The loan was taken out by a Luxembourg company, principally owned by a high net worth individual from the United States.  Fiduciam stood out as international lender, dealing with five jurisdictions: the borrower in Luxembourg, the vineyard in France, the guarantor in the US, a pledgor from Australia, and Fiduciam based in the UK.