Timeshare resort industry lenders, Colebrook Financial Company, ink $5 million lending transaction with New York City timeshare developers.
Middletown, CT (October 23, 2012) — Colebrook Financial Company, boutique lenders in the timeshare resort industry, report they have completed a $5 million receivables hypothecation loan to the Manhattan Club, which is located in the heart of New York City.
“We’ve known Colebrook’s Principal Bill Ryczek for a number of years and were delighted to find that his company could address our needs,” says Operating Partner Scott Lager. “We were very impressed by Bill’s competent handling of the due diligence process leading up to completing the transaction. It was the least-pressured of any of these processes we’ve ever experienced. Bill’s knowledge and experience was clearly evident. He had very few questions, which we were able to satisfy easily and quickly. I’ve dealt with many lenders in the past and the procedures were never so easy.”
“We are very pleased to initiate this new lending relationship with The Manhattan Club,” says Bill Ryczek. “The fact that it is one of the few urban timeshare projects in the U.S. makes it very attractive. Plus, the demand for usage is very high because of the desirable location.”
About Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for 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.
About The Manhattan Club
The Manhattan Club, New York City’s highly successful urban timeshare resort, blends high-end hotel amenities with a private club-like atmosphere. Located at 200 West 56th Street between Broadway and Seventh Avenue in one of New York City’s most desirable locations, The Manhattan Club resort neighbors upon Central Park, Carnegie Hall, Rockefeller Center, the Broadway theater district and the worlds’ most desired shopping areas, Madison Avenue and Fifth Avenue. The Manhattan Club is a top ranking RCI Gold Crown property and part of RCI’s Registry Collection. For more information about membership at The Manhattan Club in New York City call 1-888-692-2121.
for Colebrook Financial Company:
Sharon Drechsler-Scott, RRP
SharonINK PR & Marketing