Holiday Park Refinancing

Our team have a wide range of knowledge and experience in sourcing funding for the purchase of and refinancing of holiday parks. This is quite a niche area because not many lenders have much holiday park operational knowledge, so we work with you to package your requirements into an easy to digest format for lenders. 

Refinancing a holiday park is just like refinancing any other type of commercial property or business. It involves replacing your existing mortgage or financing arrangement with a new one that can typically offer better terms, such as a lower interest rate, an extended repayment period, or other improved financial terms. Here's how holiday park refinancing generally works and ways in which we can help -

Assessment of Financial Goals - Before proceeding with refinancing, it's essential to assess your financial goals and determine what you hope to achieve through the process. This could include reducing your monthly payments, accessing additional finance, or obtaining more favourable loan terms.

Choosing a Lender - Ideally you will need to select a lender who specialises in either commercial or business financing. Research the different lenders available, compare their offerings and choose the one that best aligns with your needs and objectives.

Application & Documentation - You'll need to complete a loan application and provide any necessary documentation. This typically includes financial statements, tax returns, property appraisals and other relevant paperwork that the lender requires to evaluate both your creditworthiness and the value of the holiday park itself.

Credit and Financial Assessment - The lender will assess your creditworthiness, including your credit score and financial stability. They'll also evaluate the current financial performance of the holiday park itself to ensure it's a viable investment.

Property Appraisal & LTV - The lender will conduct their own appraisal of the holiday park to determine its current market value. This is crucial in establishing an accurate loan-to-value ratio (LTV) and assessing the level of risk involved.

Loan Approval & Offer - After reviewing your application and conducting any necessary assessments, the lender will decide whether to approve your refinance request. If approved, they will provide an offer outlining terms of the new loan, including the agreed interest rate, repayment period and any other conditions.

Due Diligence - You'll have the opportunity to conduct due diligence on the proposed loan terms, comparing them with your financial goals and any existing financing you may have. Here you need to ensure that the new terms are more favourable than the old ones.

Loan Closing - Once you accept the lender's offer, you will then proceed with the loan closing process. This involves signing the necessary legal documents and paying any associated fees and closing costs.

Paying Off the Existing Loan - With the new financing in place, the proceeds from the new loan are typically used to pay off the existing loan, effectively replacing it.

Ongoing Management - After refinancing, you'll continue to make ongoing monthly payments as per the new loan terms. It is essential to manage your finances closely to ensure that you can meet the obligations of the new loan. 


Refinancing a holiday park can provide several potential benefits, including reducing your monthly mortgage payments, accessing capital for improvements or expansions, and improving the overall financial health of your business. 

However, it's crucial to carefully consider the costs, terms, and any potential risks associated with refinancing and to ensure that it aligns with your long-term financial goals. Our expertise and experience in commercial and business financing are able to guide you throughout the whole process.