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Colebrook
Provides Fixed Rate Loan to
Global
for Points-Based Club Timeshare Receivables
|
Middletown,
CT – May 2015 / Newsmaker Alert / Colebrook
Financial Company, a lender specializing in the timeshare or vacation
ownership industry, announced they recently closed a loan with Global Exchange
Development Corporation (GEDC) in which they converted a portion of Global’s
variable rate loan to a fixed rate.
“The
partners at Colebrook take the time to truly look at our business model
and are willing to go that extra mile,” says GEDC President Rick Sargent.
“They are attentive to our needs and together, we are able to make money
while putting people on vacation.”
“Developers
like Rick are concerned about the possibility of rising interest rates,”
said Colebrook’s Bill Ryczek, “and we move a portion of his loan to a fixed
rate on a regular basis. Rick has a lot of exciting new marketing initiatives
and we look forward to growing with him over the next several 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. www.ColebrookFinancial.com
About
Global Exchange Development Corporation (GEDC)
A
leader in the timeshare club industry, GEDC has developed Global
Exchange Vacation Club (GEVC), which is powered by RCI points and offers
a variety of flexible getaway opportunities for timeshare club members.
The company provides members with a lifetime of memorable vacation experiences
and enhances the quality of their lives through the flexibility of its
customized points based vacation ownership system. Their commitment to
the highest standards of quality and service is what has made GEDC a leader
in the global timeshare club industry.
Media
Contact:
Sharon
Scott, RRP
SharonINK
PR & Marketing
for
Colebrook Financial Company
310-923-1269 |