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Colebrook Financial Company
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Colebrook Finalizes a $10MM, Fixed Rate Loan to Starpoint
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Middletown, CT – February 2015 / Newsmaker Alert / Colebrook Financial Company, which provides receivables financing for timeshare resorts/vacation ownership companies, announced they are providing a $10 million receivable traunche, fixed-rate refinancing loan to Starpoint Resort Group, Inc. Starpoint, a subsidiary of BQ Resorts LLC, is the developer of Sapphire Resorts which is a multi-site timeshare club comprised of 21 resorts based in Las Vegas, Nevada.

“We have enjoyed having a long and stable relationship with Starpoint,” says Colebrook Financial Principal Bill Ryczek. “This will be our eleventh year to provide end-loan receivables financing for them.”

“Colebrook has always been a supportive and creative partner to us,” says Starpoint CEO Mike Muldoon. “Their business philosophy is similar to ours; we strive to deliver an excellent product and to exceed customer expectations. Over the years, we’ve witnessed this attitude in the professionals at Colebrook; they are always accessible and collaborative.”

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 Starpoint Resort Group
Starpoint, a subsidiary of BQ Resorts LLC, is the developer of Sapphire Resorts which is a multi-site timeshare club comprised of 21 resorts based in Las Vegas, Nevada. The company is active in all facets of the hospitality industry including resort development, property and resort management, sales and marketing. They manage four timeshare clubs, 21 timeshare resorts, several condominium projects and the vacation interests of approximately 50,000 owners throughout Canada, the U.S., the Caribbean and Central America, in addition to well scaled sales and marketing operations which grow both the platform and scale of members to be serviced.

Colebrook Finalizes a $10MM, Fixed Rate Loan to Starpoint
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About BQ Resorts LLC
BQ Resorts, a privately held company, is focused on the timeshare/hospitality space and owns companies including Starpoint Resorts, GeoHoliday Club, GetAways Resort Management and Sapphire Resorts. Leveraging its strategic partnership with TZP Group, a New York based private equity firm, it continues to expand its core business platforms through organic growth and strategic acquisition. Under its ownership umbrella are four timeshare clubs, 22 resorts under management, two resort and property management companies, an active sales and marketing company, and approximately 50,000 timeshare members throughout Canada, Costa Rica, the U.S. and the Caribbean.

Media Contact:
Sharon Scott, RRP
SharonINK PR & Marketing
for Colebrook Financial Company
310-923-1269

Contact:
Starpoint Resort Group Inc.:
Alan Dickler, COO

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Placement Dates: 02/10/15 – 04/10/15
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