Timeshare resort industry lenders, Colebrook Financial Company, recently announced they will increase their commitment from $5mm to $8mm
Middletown, CT (February 07, 2013) — Colebrook Financial Company, lenders specializing in the timeshare resort industry, report they recently expanded their relationship with the RWGroup to underwrite receivables financing for consumers purchasing club interests in four resorts located in Lake Tahoe, Nevada.
“One of the benefits of working with Colebrook is that they understand and appreciate our product,” says RWGroup CFO Bob Dunbar. “We have dealt with them since Colebrook’s inception and are very satisfied with the relationship.”
RWGroup’s partners Ron Wilhite, Lex Adams and Bob sell a non-deeded interest in a club product which provides its members with access to the Ridge Tahoe, Ridge View, Ridge Crest and Ridge Pointe properties, located in Lake Tahoe, Nevada. “My relationship with the principals of the RWGroup goes back nearly 25 years,” said Colebrook principal Bill Ryczek, “and the fact that we continue to do business together speaks to the quality of their product, their integrity and their business acumen. We look forward to many more years of working together.”
RWGroup was formed in 1988 by a successful group of resort professionals. The team provides a substantial breadth of experience in the hospitality field with backgrounds in real estate development and sales, hotel and resort operations, homeowner association management, accounting and administration. For more information call 775-588-3553.
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.
Sharon Drechsler-Scott, RRP
SharonINK PR & Marketing
for Colebrook Financial Company