Colebrook Financial Announces Hypothecation Loan for Caribbean Resort
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.”
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 oysterbaybeachresort.com and coralbeach-club.com.
