Colebrook Financial Company, a lending institution specializing in the timeshare industry, announced they have funds available for financing receivables in Mexico and the Caribbean.
“We’ve done a number of transactions with developers whose resorts are located outside the U.S., and who are selling a membership product to Americans,” says Colebrook Financial Principal Bill Ryczek. “Typically in the past, lenders were reluctant to provide receivables financing for products that did not have a real estate component or were located in foreign countries. We decided to step up several years ago to finance foreign projects that are well capitalized and have reputations for sound sales practices. The demographics of foreign travelers tend to be strong, which is reflected in the excellent performance we’ve seen in the receivables.”
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. For more information, visit ColebrookFinancial.com.