Indian Palms Intervals
Colebrook Financial Company, a leading lender to the timeshare and travel club industries has provided financing to Indian Palms Intervals, an 87-unit timeshare property located in Indio, California. . The HOA used the capital to upgrade the pool area with a lounge, new pool and surrounding deck area.
According to Bill Ryczek, Principal/Colebrook Financial, Indian Palms has a lengthy history and many dedicated, long-time owners. He said, “When timeshare properties age, the owners have two choices. They can re-purpose the resort and move on, or they can breathe new life into their beloved older property and give the owners a reason to keep coming back. The Indian Palms Association chose to do the latter, upgrading their amenities with a beautiful pool area. We are happy we were able to work with Management Rep Stephanie Myers, and Owen Hoskinson, Board Treasurer, to bring this project to completion. May the Indian Palms owners enjoy it for many years to come.”
Other amenities that benefitted from the infusion of funds included the BBQ area, , putting green, laundry room remodel and spas. The resort also has access to a 27-hole championship golf course. Indian Palms is situated in the Coachella Valley close to the world famous Indian Wells tennis championships, scores of golf courses, hiking, music festivals and popular art shows.
Stephanie Myers, President of Vacation Leisure Maintenance Co. Inc., on the management team for Indian Palms said “working with the Colebrook team was seamless. They answered all of our questions in a timely manner and helped bring the resort property fresh new energy to ensure a memorable retreat for our owners and guests.”
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 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
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