Bill Ryczek Mark Raunikar Tom Petrisko
Colebrook Financial Company, a leading lender to the timeshare and vacation club industries, announces the availability of a new, online webinar offering insights into the criteria Colebrook uses to evaluate hypothecation loan requests.
Colebrook partners Bill Ryczek and Mark Raunikar talk about concepts that will help developers applying for timeshare or vacation club funding understand what goes into the decision process and how their process might differ from that of large financial institutions.
“We’ve been lending to resort developers for a long time,” says Ryczek. “I can pretty much tell within a few minutes of conversation whether we have a deal or not. Our experience helps us understand what it takes to make a successful project.”
The webinar lays out what developers need to know when approaching a lender. Specifically, it explains the way Colebrook approaches a loan request and how they work closely with small and large developers with varying needs. Mark pointed out that it’s far more important to emphasize the mitigation of risk rather than the potential for large profits.
Colebrook is a pioneer in many forms of financing and is always one of the first to comprehend the latest iteration of the timeshare industry, adapting much more quickly than larger organizations. Colebrook Principal Bill Ryczek started in 1979, Mark Raunikar in 1988, and Tom Petrisko (who was on special assignment and does not appear in the webinar) in 1998.
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 ColebrookFinancial.com.
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