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…