Colebrook Financial Grants Loan for Pollard Brook HOA
Colebrook Financial, a leading lender to the timeshare industry, closed a receivable financing facility with InnSeason Resorts in 2021 and is now following that up with a capital improvement loan for one of its owners’ associations.
Rather than do improvements in stages, the Pollard Brook HOA, which manages the company’s Pollard Brook Resort in Lincoln, New Hampshire has opted to do all the renovations at once; the loan will allow the association, with the professional guidance of the InnSeason property management team, to finance indoor and outdoor pool and hot-tub amenity upgrades at the resort.
Mark Raunikar, Partner/Colebrook Financial, said, “We are excited to expand our relationship with the InnSeason organization by extending this Association loan. We are proud that HOAs such as Pollard Brook come to us for good service and guidance, and hands-on attention which some larger lenders cannot provide.”
Related: Resort renovation planning tips: DO Plan – DON’T wing it!
Colebrook is one of the most prominent lenders to timeshare homeowners’ associations in the nation. Most association loan requests are too small to interest national timeshare lenders and too unusual and complex for the local bank. Raunikar says Colebrook has filled that void with a product that allows associations a vehicle to finance needed improvements.
Colebrook, with its extensive timeshare expertise and lack of bureaucracy, can underwrite requests quickly and can close loans with minimal legal expense.
Related: 5 Tips to Ensure Success of Your Next Renovation
If you want to discuss your situation and see whether a loan might be the best course for you, call 860-344-9396 and ask for Bill, Mark Raunikar, or Tom Petrisko.
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
