Colebrook Financial Renews $6 Million Loan First Made to Vacation Ownership Sales in 2005

The Colebrook Team. From top left to right: Tom Petrisko, Fred Dauch and Bill Ryczek, RRP. Seated l. to r.: Mark Raunikar and Jim Bishop.

Colebrook Financial Company, a long-time lender to the timeshare industry, announced the extension and renewal of a hypothecation line of credit agreement with Vacation Ownership Sales, Inc. (VOS), which was first extended in 2005. VOS performs management, sales and marketing services for Vacation Internationale, North America’s oldest successful points-based vacation club.

“We’ve enjoyed doing business with VOS principal Mike Vasey,” says Colebrook Principal Bill Ryczek. “I’ve worked with the Vacation Internationale organization since 1988, and have witnessed how it has become one of the best run clubs in the vacation ownership industry.”

Vacation Ownership Sales Co-president Mike Vasey says, “Colebrook has been an integral part of our business team since the founding of our Company in 2004. During this time, Colebrook has found a way to finance a variety of business opportunities to support our strategic initiatives and growth.”

VOS was profiled in the article, “Vacation Ownership Sales and Vacation Internationale; Hitting on all Cylinders,” which appeared in the Spring 2014 edition of the Colebrook Chronicle (PDF). Visit ColebrookFinancial.com/newsletters for further information.

About Vacation Ownership Sales, Inc.

Vacation Ownership Sales, Inc. provides management, marketing and sales services to Vacation Internationale, the oldest points-based multi-site vacation club in North America. Based in Bellevue, Washington, VOS and VI have created a uniquely successful business model of a non-profit owner-controlled club working together with a privately held management, marketing and sales company to grow the club more than 25 percent in the past 10 years.

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.