Middletown, CT (September 30, 2015) — Colebrook Financial Company, a prominent lender relied upon by timeshare resort companies, announced the two-year extension of a line of credit to River Run Company, located in North Conway, New Hampshire.
“Colebrook became our lender in 2009 at the height of the recession after our previous lender exited the business,” says River Run Company President Joe Berry. “They placed their faith in us and we’ve had a great relationship ever since. Due in part to their continuing support we’ve been able to build new inventory at the Eastern Slope Inn and at our Attitash Mountain Village properties. I’m happy to say we are recognizing a steady rate of sales at both locations.”
“Joe Berry is one of the legendary figures of the New England vacation ownership industry, and we are delighted to be a part of his continuing development of the Eastern Slope Inn and Attitash Mountain Village,” says Colebrook Financial Principal Bill Ryczek.
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.
About River Run
For more than 30 years, River Run Company, Inc. has been serving the commercial development needs of the Mount Washington Valley in New Hampshire. River Run Co. also develops and manages timeshare and whole ownership vacation properties including the Eastern Slope Inn Resort, located in North Conway, New Hampshire, and condominiums in Attitash Mountain Village. River Run Company’s residential and commercial land development initiatives division is involved in premier projects, including master-planned communities and commercial interests.
PRESS RELEASE SOURCE: Colebrook Financial Company
Media Contact for Colebrook Financial Company:
Sharon Scott, RRP
(l. to r.: Bill Ryczek, Principle, Colebrook Financial Company; Joe Berry, President, River Run Company.)