Colebrook Financial Announces Another Loan Renewal

Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that FantaSea Resorts has renewed its  $16 Million Hypothecation Loan for Flagship Resort (Atlantic City, NJ).

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.

Colebrook’s long-term relationship with FantaSea dates back to 2009, with a small loan purchase facility  and has grown over the years.

Bill Ryczek, Colebrook Financial Company

Bill Ryczek, Principal of Colebrook Financial said: “The FantaSea Resorts organization has been a leading player in the Atlantic City market for many years and we’re delighted to extend our relationship with them.  Roxanne Passarella and Kevin Jones have navigated the company through some treacherous waters over the past year, which is a tribute to their ability to adapt to changing circumstances.” (See Bill Ryczek Webinar Replay on Resort Trades YouTube Channel)

Flagship Resort, a luxurious 32-story resort, stands at the beginning of Atlantic City’s historic Boardwalk. This family-friendly retreat offers a charming mix of amenities and activities unique to the Atlantic City landscape yet sits just far enough away from the crowds.  FantaSea also operates Atlantic Palace and LaSammana Resort, the latter located across the inlet in Brigantine, New Jersey.  

With 45,000 vacation owners and growing, FantaSea Resorts, founded in 1991,  provides vacation ownership products and services in the Northeast.  As an ESOP (Employee Stock Ownership Plan) FantaSea is one of the largest privately owned hospitality companies in Atlantic City.

 “One thing we really like about Colebrook,” said Roxanne Passarella, Co-CEO of FantaSea, is that they are small enough to provide excellent customer service, and yet large enough to handle deals of all sizes.  We’ve worked with them for more than a decade and have confidence that we will continue to do so moving forward.”

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

ResortTrades

Recent Posts

Key Highlights from Day 2 of ARDA Leadership & Policy Forum

The second day of the ARDA (American Resort Development Association) Leadership & Policy Forum proved…

2 weeks ago

Are You a Great Salesperson?

More sales mean higher revenues for any business. And people with certain characteristics tend to…

2 weeks ago

ResortCom Amplifies Giving with Employee-Driven Charity Giveback Program

ResortCom, a leading provider of timeshare management software, financial services, and call center solutions to…

2 weeks ago

How to Exit a Timeshare if a Developer Cannot Take Back Your Product

Nearly 10 million U.S. households own timeshare products that allow them to travel the world…

2 weeks ago

Vacatia-Managed Resorts to Reopen after Hurricanes Helene and Milton

Vacatia Inc., a leading provider of innovative, customer-centric solutions for timeshare resorts, has announced that…

2 weeks ago

MobiusVP Celebrates Twenty Five Years of Innovation

Mobius Vendor Partners is celebrating its Twenty-Fifth  Anniversary of business. The well-known business process design,…

2 weeks ago