A mixed-use holiday lodge park near Bridgwater, Somerset, has secured £2.69 million in refinancing from Atom bank, arranged by Unicorn Capital Advisory. The secured term loan completed on 16 October 2026.
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, which the borrower intends to deploy into additional residential investment properties.
Multi-income structure
The property generates income from three sources: holiday lets, residential lettings, and commercial tenancies. The valuation assessed each income stream separately, reflecting the complexity of the asset’s structure.
According to Som Emadi, partner at Unicorn Capital Advisory, the property represents an asset that does not fit into a single lending category. Unicorn worked with Atom’s underwriting team on valuation queries and trading accounts, enabling the transaction to proceed as term debt rather than short-term bridging finance with an alternative lender.
The holiday let sector has seen varied activity in the lettings market in recent months, with operators seeking long-term funding solutions.
Lender approach
Liam Brodie, regional business development manager at Atom bank, stated that the bank provides lending up to 85% of trading value in the holiday let sector. The bank positions itself as serving operators in what it describes as an underserved market segment.
The transaction highlights the financing options available for mixed-use leisure properties, particularly those combining holiday, residential, and commercial income streams. Such properties require lenders willing to assess multiple valuation methodologies within a single asset, a factor that can complicate traditional lending approaches in the property finance market.
The refinancing provides the borrower with long-term funding at what Emadi characterised as sensible leverage, alongside capital for portfolio expansion.
