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Wellington
Says Liberty Bank Closed Extension of Lending Relationship
with
Timeshare Resort King’s Creek Plantation
|
Charlottesville,
VA & Middletown, CT – September 2014 / Newsmaker Alert / Wellington
Financial, the exclusive Resort Finance lending correspondent for Liberty
Bank, says the bank recently closed an extension of its lending relationship
with King’s Creek Plantation,
in Williamsburg, Virginia.
“This
is an important relationship for us,” says Liberty Bank Vice President
Denise Brewer. “The senior leadership at King’s Creek impressed us with
their acumen for management and sales; the resort, itself, is highly engaging;
plus, they are in a highly valued vacation destination. Because of its
historical district as well as the nearby amusement park, Busch Gardens
Williamsburg, it’s almost a year-round destination.”
King’s
Creek Plantation Executive VP/COO/CFO Joe Cantrell says, “We are extremely
fortunate to work with Liberty and Wellington. The loan process went very
smoothly, thanks to the teams at both Liberty and Wellington.”
About
King’s Creek Plantation
Situated
in Williamsburg, Virginia, King's Creek Plantation is an Interval International
5-Star Resort located within easy access of the Colonial Parkway, which
links Williamsburg to historic Jamestown and Yorktown. The resort
features one, two, three and four bedroom homes amidst a complex offering
multiple swimming pools, a year-round indoor aquatic center, jetted pools,
saunas, large workout room, tennis courts, a basketball court, picnic areas,
playgrounds, an 18-hole miniature golf course, jogging trail and more in
a gated community. For more information, call 866-228-6796 or visit www.kingscreekplantation.com.
About
Liberty Bank
Established
in 1825, Liberty Bank (Liberty-Bank.com),
based in Middletown, Connecticut, is that state’s oldest mutual bank, with
more than $3.6 billion in assets. Liberty Bank has been actively lending
to the timeshare industry throughout the U.S. for over 34 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
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