Stonham Barns, near Ipswich, has operated for over a decade and features over 400 lodge and caravan pitches.

The holiday park also comprises a retail village, golf course, theatre, and fishing lakes.

HREF’s loan has enabled the borrower to repay multiple existing debt facilities and optimise the business’ capital structure to support its growth.

Valuations for the transaction were undertaken by Christie & Co and legal due diligence was provided by Lawrence Stephens.

Additional advisory input was provided by Michael Clark, who was formerly group sales and operations director at Parkdean Resorts.

Brad Altberger, HREF CEO, commented: “As we continue to expand our offering, this loan is another example of our ability to lend across a wide variety of asset classes.

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“The holiday park sector is a challenging subset of the wider real estate market, but at a time when both traditional and alternative lenders are retreating from this niche market, HREF was able to leverage the deep expertise of our team to quickly extend a credit facility that allowed the borrower to achieve its financing objectives.

“While other lenders continue to retrench, we aim to markedly increase our exposure to the sector.”

Max Lewis, HREF chief investment officer, added: “Stonham Barns was a complicated and intricately structured loan featuring alternative real estate that is not widely understood.

“HREF has both the financial and human capital to execute such loans in short order and subject to our borrowers’ constrained timelines.

“Following the completion of the Stonham Barns loan, HREF continues to build its book and its presence in the bridging market.”