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Middletown,
CT – January 2025 / NewsmakerAlert: Colebrook
Financial Company, a leading lender to the timeshare and travel club
industries, has provided a $5 million hypothecation loan to Oyster
Bay Resort and Coral Beach
Resort, located in in the Dutch section of Saint Martin / Sint Marteen.
According
to Bill Ryczek,
Principal/Colebrook Financial, “We’ve been familiar with the Oyster Bay
property for many years and are delighted to have the opportunity to provide
financing to Mike Dolente and Josh Gold. They’re a rare breed—financiers
who’ve become very successful developers. Oyster Bay and Coral Beach are
beautiful properties, and the operation is first class.”
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Oyster
Bay principals Gold and Dolente have been the developers of Oyster Bay
since 2003. Its adjacent sister property, Coral Beach Club, offers a luxury
Vacation Ownership Program and a Preferred Membership with Interval International.
Josh
Gold said, “Our closing went exceptionally smoothly and we look forward
to doing more fundings (with Colebrook) in the future.”
Colebrook
is a pioneer in many forms of financing and began working with club products
before most lenders. Few competitors can match their longevity in the industry.
They enjoy a reputation for adapting to new situations more quickly than
larger institutions.
About
Colebrook Financial Company
Colebrook
Financial Company, based in Middletown, Connecticut, specializes in
providing financing for the timeshare industry, and can offer a variety
of facilities in amounts ranging from $100,000 to $30 million or more.
We have an innovative approach to financing and pride ourselves on rapid
turnaround and personal service. Colebrook has no committees, and our most
important policy is common sense. You’ll get straight answers, and you
can always talk to a principal. For a complete list of product offerings
and information on Colebrook and its principals, visit www.ColebrookFinancial.com.
About
Oyster Bay Beach Resort and Coral Beach Club
Situated
on the breathtaking eastern shores of St. Maarten, Oyster
Bay Beach Resort and Coral
Beach Club offer two distinct yet complementary Caribbean experiences.
Oyster Bay Beach Resort combines the charm of a boutique hotel with resort-style
amenities, featuring elegantly appointed accommodations, stunning ocean
views, and direct access to Dawn Beach. Just steps away, Coral Beach Club
elevates luxury with its exclusive collection of villas and townhomes,
each designed for privacy and sophistication with private pools or terraces.
Together, these sister properties provide guests with unparalleled access
to pristine beaches, world-class dining, and vibrant island activities,
creating unforgettable getaways for every traveler. For more information,
visit www.OysterBayBeachResort.com
and www.CoralBeach-Club.com.
Contact:
Colebrook
Financial Company
Bill
Ryczek
860-344-9396
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