£2m investment will fund plans for luxury lodges at new holiday park
A Lancashire holiday park has secured a £2m development loan to fund the future development of Twin Lakes in Carnforth.
The 12-month deal will help to fund the future development of Twin Lakes, which has planning permission for 54 holiday lodges, including five luxury lodges, several of which have now been completed and are already operational.
Gloucester-based Blackfinch Property, part of Blackfinch Group, has provided the facility.
David Diemer, investment director at Blackfinch Property, said: “The business model for this development is complex and, after taking time to fully understand it, we were able to structure a facility that best supported the growth plans of the borrower.
“Because we build long-term relationships with our clients, we’re often involved in several phases of a project.”
The Carnforth site has seen the redevelopment of a former disused quarry, creating a new wildlife environment as well as additional local jobs.
The construction also used locally sourced sustainable materials, including timber frames fabricated in the area.
The development is also compliant with energy efficient building regulations and provides facilities for bicycles and electric charging points.