While caravan parks may be popular with tourists, they aren’t always popular with banks. Only a few banks or lenders will consider funding tourist parks, caravan parks or camping grounds.
The key to a better finance deal is not only making sure the bank wants your business but also ensuring the credit assessor reviewing your loan application understands the holiday park and accommodation industry. That’s where we can help.
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Loan to value ratios (LVR) differ greatly from one lender to the next and are also subject to varying terms and conditions. A general guide in today’s market is:
Leasehold tourist/caravan park: 35-50%
Freehold tourist/caravan park: 50-65%
The length or term of the loan is also an important consideration and can vary by lender from a maximum of 15 up to 30 years (when secured to a suitable commercial property).
Every caravan park loan application is assessed on a case-by-case basis. Your Green Team finance broker can help you to unpack your business opportunity and better understand your funding options, subsequent costs and how to make savings.
Whether you are looking to finance a new caravan park, refurbish, extend or develop we have the specialist lending knowledge to guide you through a successful loan application process.
While the criteria used to assess your loan is quite extensive, ultimately the success of your loan application will be dependent on the strength of these three things:
Our business finance brokers have a proven track record in assisting business owners and investors to secure competitive finance solutions for caravan parks, tourist parks and camping grounds of all sizes and locations – remote, suburban and inner city.
Get in touch today for an overview of your funding options in today’s market and find out how we can negotiate a better finance deal on your behalf.
Director
Australia's leading hospitality, accommodation and childcare finance specialist and winner of Australian Broker of the Year 2022.
Daniel Green and his team work tirelessly to get deals done. Very happy with the service and also the results that are achieved.
Dealt with Green Finance many times with my job selling Motels & Caravan Parks & cannot fault the incredible service these guys supply to our industry.
Daniel Green and his team know their stuff when it comes to finding the best deal and I know I can trust their recommendations without hesitation.
