Timeshare Money
Colebrook Financial Company, a leading lender to the timeshare and travel club industries, has announced it has renewed a $12 million line of credit to finance sales at Breckenridge Grand Vacations’ (BGV) Grand Timber Lodge.
Created in 1984, Breckenridge Grand Vacations (BGV) was built by brothers Mike and Rob Millisor and friend Mike Dudick upon the belief that the success of their company would be determined by the positive impact it had on their owners and guests, employees, and the community. The developers of the company also embraced the concept that BGV would be the best in sales if they were first and foremost the best in customer service. BGV now creates Grand vacations for over 21,000 owners.
The recent renewal emphasizes the value Colebrook Financial Company places on long term relationships. Breckenridge Grand Vacations has been a customer since 2009. “The BGV organization has built some of the finest resorts in the West, and we are pleased to have worked with them for more than 10 years. We look forward to many more years of doing business together,” said Bill Ryczek, Principal of Colebrook.
“We are proud of the fact that we don’t lose customers. The only time they leave us is if they’re acquired. We have great customer loyalty,” continued Bill.
Blake Davis, CFO of Breckenridge Grand Vacations concurs: “We enjoy the personal approach Bill (Ryczek), Mark (Raunikar), and Tom (Petrisko) embrace in their customer relations. Even though we’ve been working with them for a decade, they still use their experience to find creative solutions relevant to today’s business environment.”
Colebrook is a pioneer in many forms of financing. They began financing club products before most lenders. Few competitors can match their longevity in the industry. Bill Ryczek started in 1979, Mark Raunikar in 1988 and Tom Petrisko in 1998. Yet, this experienced and nimble management team adapts to new situation 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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