Colebrook Financial Closes $5 Million Loan with Myrmex Vacation Club to Support Growth in Mexico
Colebrook Financial, a premier lender serving the timeshare and travel club industries, is proud to announce the closing of a $5 million hypothecation loan with Myrmex Vacation Residential Club, operator of the 74-unit Los Cabos Golf Resort in Cabo San Lucas, part of the Trademark Collection by Wyndham.
This strategic financing supports Myrmex’s continued growth and reflects Colebrook’s commitment to expanding its footprint in Mexico, a market with strong potential and limited access to specialized timeshare financing.
“Los Cabos Golf Resort is a beautiful, newly built facility with quality and service that clearly resonates in its pricing,” said Bill Ryczek, Principal at Colebrook Financial. “Jose and his team have exciting growth prospects, and we’re thrilled to support them as they scale. Mexico remains an under-served market for timeshare lending, but we see great opportunity. While we’ll continue to be selective, our track record gives us confidence to build further in the region.”
“The hypothecation loan process was new to us,” said Myrmex President and CEO Jose Gomez Lozado, “and Colebrook was great about explaining everything and always being there when we had questions.”
Founded in 2003, Colebrook Financial has been a trusted financing partner in the timeshare industry for over two decades and began its lending activity in Mexico in 2005. Headquartered in Middletown, Connecticut, Colebrook offers tailored financial solutions ranging from $100,000 to over $30 million, supporting developers across North America.