Bill Ryczek, a principal of Colebrook Financial Company, a lending institution specializing in the timeshare industry, announced his firm will be providing new financing for a portfolio of receivables for Resort Investment Capital, a RWGroup company. RWGroup operates Resort West Vacation Club, which is headquartered in the Lake Tahoe area. The Club owns accommodations at The Ridge Tahoe, Ridge Crest, Ridge View and Ridge Point, to which it assigns nightly point values based on unit type, season and resort property.
“Our team at Colebrook began our relationship with the club’s principals in 1988, while working with another institution,” says Ryczek. “They were among our earliest clients after we launched Colebrook and we have enjoyed working with them since 2003.”
“We’ve been happy to rely on Bill and the Colebrook team for their responsiveness and keen business sense, ever since we first met them,” says Resort Investment Capital and Resort West Vacation Club President Lex W. Adams. “Colebrook made the process of increasing our existing loan extremely easy; there was no long, drawn-out committee approval process. We’ll be using the financing to fund an ongoing expansion and growth program.”
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.
The RWGroup was formed in 1988 by a successful group of resort professionals. The team provides a substantial breadth of experience in the hospitality field with backgrounds in real estate development and sales, hotel and resort operations, homeowner association management, accounting and administration.