Blackfinch Property has finalized a £2 million development loan dedicated to expanding the Twin Lakes holiday resort in Lancashire, which aims to boost the UK tourism sector through sustainable practices.

Information on the Target

Blackfinch Property, a dynamic and rapidly expanding lender within the UK property sector, has secured a £2 million development loan aimed at enhancing a holiday resort located in Lancashire. The loan is set for a term of 12 months and is intended to fund the ongoing development of Twin Lakes, a project that has received planning approval for 54 holiday lodges. Several of these lodges are already completed and operational, demonstrating the project's progress and potential.

The funds from this loan will assist the borrower in advancing to the next phase of their development strategy, which includes the addition of five luxury lodges. This expansion aligns with the vision of creating a premium holiday destination that attracts visitors while being sensitive to the surrounding environment.

Industry Overview in the UK

The UK holiday rental market has experienced significant growth in recent years, spurred by an increase in domestic tourism and a shift in consumer preferences towards staycations