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Liberty
Bank Renews Loan with
Orlando-based
Timeshare Resort, Calypso Cay
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Charlottesville,
VA & Middletown, CT – April 2015 / Newsmaker Alert / Wellington
Financial, the exclusive Resort Finance lending correspondent for Liberty
Bank, reports the bank recently renewed its receivables hypothecation
loan to Timescape Resorts, LLC to finance sales at the Calypso
Cay Vacation Villas, a timeshare resort in Orlando, Florida.
Timescape
Resorts Managing Member Steve Bradley says, “Wellington and Liberty have
been very easy to work with; they’ve been doing timeshare lending for so
many years. We simply set up the processes when we originated the loan
and they helped us establish a steady routine for funding our transactions.”
“Liberty
Bank was pleased to renew our commitment to finance timeshare receivables
generated at Calypso Cay Vacation Villas, and to continue our relationship
with Steve and the staff at Timescape Resorts,” says Sebastian Gromowski,
with Liberty Bank’s Resort Finance Division.
Wellington
Financial President Ron Goldberg says, “We have been pleased by the performance
of the resort property’s portfolio and are happy to continue with the relationship.”
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About
Calypso Cay Vacation Villas
Calypso
Cay Vacation Villas (www.CalypsoCay.com)
is a premiere timeshare resort located seven miles away from Walt Disney
World® Resort, Universal Studios Florida and SeaWorld Orlando. Offering
luxury accommodations and high quality service, Calypso Cay is located
amidst the best of Central Florida’s attractions, as well as offering an
array of guest-only activities. Calypso Cay’s pool is surrounded by spacious
decks and hosts two full service Pool Bars.
About
Liberty Bank
Established
in 1825, Liberty Bank (Liberty-Bank.com),
based in Middletown, Connecticut, is the state’s oldest mutual bank, with
more than $3.8 billion in assets. Liberty Bank has been actively lending
to the timeshare industry throughout the U.S. for over 30 consecutive years.
The bank’s commitment to superior service has resulted in lending relationships
with some of the industry’s largest and most successful developers. Member
FDIC. Equal Housing Lender.
About
Wellington Financial
Wellington
Financial (Wellington-Financial.com)
is the exclusive Resort Finance lending correspondent for Liberty Bank
and specializes in lending to developers of timeshare resorts, fractional
resorts and retail land. Founded in 1981, the finance and service company
offers a full range of products, including receivables hypothecation, purchase
and conduit facilities; pre-sale and working capital lines of credit; acquisition,
construction and renovation financing, as well as mezzanine and equity
debt financing. President Ron Goldberg serves on the Board of Directors
for the American Resort Development Association (ARDA).
Media Contact:
Sharon
Scott
for Wellington
Financial & Liberty Bank
SharonINK
PR & Marketing
310-923-1269 |
