Back To News/PR Index | | Wellington Financial Announces Liberty Bank’s Loan Renewal to Silver Lake Resort | Liberty Bank and the Kissimmee-based developer renewed a $30MM receivables loan and refinanced a $4.5MM inventory loan. | “Liberty
Bank started working with Silver Lake in 2009,” said Liberty Bank Vice
President David Brede. “From the beginning, I knew that Liberty could continue
to grow its lending relationship with them as the resort expanded over
time. Initially, we helped build a receivables hypothecation and cash management
facility. Most recently we’ve assisted with a construction and inventory
facility to support their growth over the last eight years. We look forward
to expanding on our valuable partnership with Silver Lake and its management
team well into the future.”
Wellington Financial’s Executive VP Shawn Brydge says, “Silver Lake has a tenured management team that is wonderful to work with. Their consistency and passion to provide a quality product and wonderful customer experience is evident in the way they run their operation, and that carries over to the professionalism in our lending relationship.” “Unquestionably, our lending relationship with Liberty Bank, supported by Wellington Financial, is built on a mutually beneficial partnership that gets stronger and stronger as the years pass by,” says Silver Lake Resort’s CEO, Deborah Moore. “Their creative ability to look at current and future needs and to think outside the box to remove barriers, allows us to expand in many key areas. They take pride in being part of our resort expansion and we are privileged to be part of their portfolio.” About
Liberty Bank
About
Wellington Financial
About Silver Lake Resort Silver Lake Resort (www.SilverLakeResort.com) has been awarded the prestigious GOLD CROWN RESORT designation from Resort Condominiums International (RCI). Located within two miles of the main entrance to Walt Disney Resorts, the resort consists of designer-furnished vacation villas, with a mix of one-, two-, and three-bedroom floor plans and is supported by more than 40,000 owner families. Media Contact:
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