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Colebrook
Increases Loan to FantaSea Resorts
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Middletown,
CT – March 2015 / Newsmaker Alert / 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.
Media
Contact:
Sharon
Scott, RRP
SharonINK
PR & Marketing
for
Colebrook Financial Company
310-923-1269 |