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Middletown,
CT – September 2022 / Newsmaker Alert: Colebrook
Financial Company, a leading lender to the timeshare and travel club
industries has extended and increased its hypothecation loan to Flagship
Resort Development Corp. to $20 million. Flagship owns and operates a trio
of resorts in Atlantic City, New Jersey.
The
Flagship Resort is located where Atlantic City’s Historic Boardwalk begins.
The family-friendly 32-story property is known for exceptional views which
owners can enjoy from their own private balcony. Called an oasis in the
sky, Flagship features studio, one-bedroom and two-bedroom suites as well
as dining, shopping, and spa amenities.
Atlantic
Palace Resort is centrally located on the Atlantic City boardwalk, while
La Sammana, a smaller, boutique property, is across the inlet in Brigantine.
Flagship’s
Jim Casey said, “I love Colebrook. They have a wealth of knowledge, are
great guys and they KNOW how to lend! I’ve known and trusted Bill
Ryczek for 40 years!”
“It’s
been rewarding to see Kevin
Jones and Roxanne
Passarella steadily increase the volume of the Flagship sales operation.
Colebrook and Flagship have a relationship going back to 2009 and now,
as they are experiencing new growth, we’re excited to increase our loan
to accommodate that upswing. We look forward to many years of working with
the company,” said Colebrook principal Tom
Petrisko.
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Colebrook
is a pioneer in many forms of financing including getting involved with
club products before most lenders. With roots in traditional timeshare
lending, few competitors can match Colebrook’s longevity in the industry.
They enjoy a reputation for adapting to new situations more quickly than
larger institutions as well as maintaining long lasting relationships industry
wide. They are approaching their 20-year anniversary.
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 ColebrookFinancial.com.
About
FantaSea Resorts
Since
1991, FantaSea Resorts
has enriched lives by providing affordable, dream vacation opportunities
to thousands of families in the Tri-State and Delaware Valley. It is our
belief that quality downtime should be honored and easily attained, even
amidst the most hectic lifestyles. FantaSea Resorts is proud to be the
premier provider of vacation ownership products and services in the Northeast,
and one of the largest privately owned hospitality companies in Atlantic
City. With 45,000 vacation owners and growing, FantaSea Resorts supports
its mission through strategic alliances with leaders in worldwide tourism
and progressive development in Atlantic City. Our timeshare exchange partnerships
allow vacationers to exchange their weeks anywhere around the world and
to choose from over thousands of affiliated resorts in over 100 countries.
Media:
Georgi
Bohrod Gordon
760-803-4522
Contact:
Bill
Ryczek
860-344-9396 |
