Liberty Bank Renews $20 Million Loan to King’s Creek Plantation

May 4, 2017 — Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced the bank recently renewed its $20 Million loan commitment for King’s Creek Plantation resort. “Liberty and Wellington have been excellent business partners since 2013,” said King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell. “We’ll be using the funds to help…

Liberty Bank Announced $26.6MM Loan to I-Drive Resorts 

Liberty Bank Announced $26.6MM Loan to I-Drive Resorts 

Wellington Financial, the exclusive resort finance lending correspondent for Liberty Bank, announced the bank closed a $26.6MM loan to I-Drive Resorts, a company related to Accelerated Assets, LLC, based in Birmingham, Michigan. Liberty Bank is Connecticut’s oldest bank which, with more than $4.5 billion in assets, has been a premier lender to resorts in the timeshare industry…

Liberty Bank Renews $50MM Receivables Loan with Bluegreen Vacations 

Wellington Financial, the exclusive resort finance lending correspondent for Liberty Bank, announced the bank has recently renewed a financing agreement with Bluegreen Vacations (“Bluegreen”). Bluegreen is a major vacation ownership sales, marketing and resort management company. The $50 million hypothecation loan will be used to finance vacation ownership interest notes receivable. “We’ve been lending to Bluegreen since 2008…