At 9:54 a.m. on May 1, Colebrook Financial funded the billionth dollar they have loaned since starting the company. “The first month we were in business,” said principal Bill Ryczek, “We funded a grand total of $181,000. At that rate, it would have taken us 460 years to reach a billion. None of us thought we had the longevity for that, so we picked up the pace.”
Global Exchange Development Company was the borrower of the billionth dollar, and Ryczek and fellow principal Mark Raunikar took Global CEO Rick Sargent to dinner at the Aria casino in Las Vegas to commemorate the occasion. Colebrook wants to express its gratitude to Global Exchange and all of its loyal customers and looks forward to serving them for many years to come.
About Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396 or visit ColebrookFinancial.com.