Middletown, CT (March 11, 2015) — Timeshare development/vacation ownership specialty lender Colebrook Financial Company recently finalized an increase of an existing loan to FantaSea Resorts that includes a fixed rate tranche to finance sales at the Atlantic Palace Resort in Atlantic City, New Jersey. Colebrook Financial’s Bill Ryczek says they have had a relationship with the organization since 2009.
“Bruce Kaye and his companies have been the leaders in the Atlantic City timeshare market for over 20 years,” says Ryczek. “He has continued to prosper through numerous gaming cycles, and the strength of his organization enables him to succeed even in difficult times. We’re delighted to have the opportunity to expand our relationship with an excellent customer.”
“We have enjoyed working with the team at Colebrook over the years,” says FantaSea Resorts CEO Bruce Kaye. “They are always very accessible; you can always get any questions answered readily and thoughtfully. I’m looking forward to continuing our relationship for many more 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 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 FantaSea Resorts
FantaSea Resorts is proud to be the premier independent provider of Vacation Ownership products and services in the Northeast. Since coming to Atlantic City in 1992, our portfolio of properties has grown to include two unique resorts that include 500 units, making us the largest non-casino hospitality provider in the entire city. Whether you choose Flagship or La Sammana, one of our properties will be certain to satisfy your unique tastes.
As the largest private employer in Atlantic City and one of the largest in all of Atlantic County, we are committed to delivering a high level of personal service to each of our over 30,000 owners. We are dedicated to delivering memorable vacation experiences both in Atlantic City and throughout the world with our global exchange partners, RCI and Interval International.
PRESS RELEASE SOURCE: Colebrook Financial Company
Media Contact for Colebrook Financial Company:
Sharon Drechsler-Scott, RRP