Back To News/PR Index | | Timeshare Lender Colebrook Offering Loans to Mexican & Caribbean Resorts | “We’ve done a number of transactions with developers whose resorts are located outside the U.S., and who are selling a membership product to Americans,” says Colebrook Financial Principal Bill Ryczek. “Typically in the past, lenders were reluctant to provide receivables financing for products that did not have a real estate component or were located in foreign countries. We decided to step up several years ago to finance foreign projects that are well capitalized and have reputations for sound sales practices. The demographics of foreign travelers tend to be strong, which is reflected in the excellent performance we’ve seen in the receivables.” About
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