Somerset holiday lodge park secures £2.69m refinance

UKPulse Property Desk

A mixed-use holiday lodge park near Bridgwater, Somerset, has secured £2.69 million in refinancing from Atom bank.

• The park comprises 31 holiday lodges alongside residential and commercial units on a single title.
• The refinancing repaid the borrower’s existing lender and released approximately £890,000 in equity.

What this means for you: This refinancing provides the borrower with long-term funding at what Emadi characterised as sensible leverage, alongside capital for portfolio expansion.