Wellington Financial says Liberty Bank’s relationship to Orlando-based timeshare resort developer included refinancing $30 million in aged receivables from another lender.

Liberty’s Resort Finance lending correspondent, Wellington Financial, says the bank closed timeshare loans in February for Grand Timber Lodge and Grand Lodge at Peak 7 projects.

Liberty Bank recently announced the appointment of Denise Brewer, VP, to their resort finance division. Brewer moved from the bank’s commercial real estate lending department, joining Sr. VP Melanie Joy and Vice Presidents Donald Peruta and David Brede to manage relationships in the growing division.

Wellington Financial Reveals Details About Liberty Bank’s Loan to Vermont Timeshare Resort Developer

Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, is pleased to announce the bank has closed a $10 million receivables hypothecation facility with Smugglers’ Notch (www.smuggs.com) in Vermont.

Wellington Financial reports $10 million deal between Liberty Bank and Welk Resort Group Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, is pleased to announce the bank has closed a deal for $10 million with timeshare development company Welk Resort Group. “We are delighted to add an excellent company such as Welk [...]

Wellington Financial, the exclusive resort finance lending correspondent for Liberty Bank, recently announced they had arranged a $75 million timeshare receivables hypothecation facility for Bluegreen Corporation (NYSE:BXG), a leading provider of Colorful Places to Live and Play®.  The facility is led by Liberty Bank and the transaction was announced on August 28, 2008. “We appreciate [...]