Colebrook Financial Company executive Bill Ryczek tells timeshare
industry conference attendees “We’re seeing funds become more available.”
Middletown, CT (April 18, 2012) — Colebrook Financial Company principal, Bill Ryczek, recently shared good news about the financial outlook for resort developers who offer their consumers end-loan financing. In Ryczek’s remarks as part of a panel presentation – “NEW Fundamentals of Finance” – at the American Resort Development Association (ARDA) convention held earlier this month, he reported seeing a rebound in the financial markets for the industry.
“Timeshare financing, like nearly every element of business, runs in cycles,” says Ryczek (pictured). “We are now on the upward slope, with more lenders, more funding, somewhat more liberal terms and lower rates.”
Several of Colebrook Financial Company’s principals began their involvement in the resort industry as early as 1979. “Money is fungible,” says Ryczek, “and pricing is easily compared. We try to add value with a little more flexible structure and by acting as a conduit to aid networking among our developers, whether it is to swap inventory, develop strategic alliances or simply discover a better way of doing things.”
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 Colebrook Financial Company:
Sharon Drechsler-Scott, RRP
SharonINK PR & Marketing