Colebrook Financial Company increases an existing facility from $10mm to $13mm for receivables financing
Colebrook Financial Company, a lending institution specializing strictly in the timeshare industry, announced they had increased their line of credit for the Williamsburg, Virginia, timeshare developer King’s Creek Plantation from $10 to $13 million, including a second fixed-rate tranche.
“We’ve worked with King’s Creek since 2012,” says Colebrook Principal Bill Ryczek. “I have great confidence in the management team; they’re hard-working, straightforward, and have built a superior product.”
King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell says, “We greatly value our relationship with Colebrook. They’ve been great partners over the past several years, and we’re looking forward to continuing what has proven to be a mutually satisfying relationship.”
ABOUT KING’S CREEK PLANTATION
Situated in Williamsburg, Virginia, King’s Creek Plantation is an Interval International 5-Star Resort located within easy access of the Colonial Parkway, which links Williamsburg to historic Jamestown and Yorktown. The resort features one, two, three and four bedroom homes amidst a complex offering multiple swimming pools, a year-round indoor aquatic center, jetted pools, saunas, large workout room, tennis courts, a basketball court, picnic areas, playgrounds, an 18-hole miniature golf course, jogging trail and more in a gated community. For more information, call 866-228-6796 or visit http://www.kingscreekplantation.com.
About Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized 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.