Wellington Financial President Ron Goldberg recently announced that Liberty Bank and King’s Creek Plantation, in Williamsburg, VA, completed a $33 million hypothecation loan to take out existing lenders and provide forward financing.
“Liberty Bank has participated in financing to King’s Creek Plantation for over ten years”, noted Denise Brewer, Vice President at Liberty Bank, “and we are excited to continue and expand our relationship.”
“We have followed King’s Creek Plantation’s successful operations in nearby Williamsburg for some time”, Goldberg noted, “So we were excited to be able to represent Liberty in growing their relationship with the developer.” Goldberg also singled out for special mention George David of Realty Financial Resources, Inc., who represented the developer in the transaction, adding, “We are grateful for George’s hard work and patience in bringing the parties together.”
King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell said, “Wellington and Liberty were great to work with during the loan closing process and we look forward to working with both for years to come.”
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