Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, says the bank has closed an increase in their lending commitment for Welk Resorts to $35 million.

“Since our first commitment of $10 million to Welk Resort Group last year, we have been extremely pleased by the performance of their portfolio,” says Liberty Bank Vice President Don Peruta. “Sales at Welk’s projects – the Villas on the Greens and Lawrence Welk Resort Villas in Escondido, California; and the Lawrence Welk Desert Oasis in Cathedral City, California – have remained strong, despite the recent challenges in the U.S. economy.”

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Tags: Liberty Bank, Timeshare, welk resorts, Wellington Financial