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…

Liberty Bank Participates In $575 Million Revolving Credit Facility

Liberty Bank’s Resort Finance Lending Correspondent, Wellington Financial, Says the Bank Closed a Timeshare Loan With Peak 8 Properties, LLC for the new Grand Colorado on Peak 8 in Breckenridge, CO. According to Wellington Financial, Liberty Bank recently announced their Resort Finance division had extended their lending relationship with Breckenridge, Colorado-based timeshare developers, Breckenridge Grand…

Liberty Bank Announces Jay Gordon Has Returned To Resort Finance Division

Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced that Jason “Jay” Gordon has returned to Liberty’s Resort Finance division as a vice president and senior resort finance officer. Gordon worked for the Bank from 1997 to 2007, primarily in the Resort Finance division. “I missed the daily interaction with developers and…