A luxury holiday letting company has secured a six-figure Revolving Credit Facility through Navigate Commercial Finance to support an exciting modernisation and expansion project.
The business is transforming a farm and several outbuildings into a premium holiday destination featuring multiple luxury lodges. The development will significantly enhance the offering and increase revenue potential in the high-end holiday lettings market.
A Revolving Credit Facility secured against the property and land was identified as the most suitable solution. This flexible facility allows the company to draw funds as needed in line with project cashflow requirements, with no non-utilisation fees or fixed monthly repayments. Once the site is fully complete and operational, the borrowing will be refinanced into a traditional commercial mortgage.
Our team sourced a pragmatic lender experienced in property development and leisure projects who was fully comfortable with the staged funding requirements. The facility was structured and completed within the client’s tight timeframe.
This flexible funding structure has given the business the financial agility to deliver a high-quality refurbishment on schedule while maintaining strong cashflow throughout the project. The new luxury lodges will strengthen the company’s portfolio and support its long-term growth ambitions in the premium holiday letting sector.
