Vacation Club & RV Club Membership Financing

June 26, 2007 by Timeshare News 

Innovative vacation club and RV/campground receivable financing option for small to mid-size developers who hold as little as $250,000 in loans. A fresh look at the criteria behind receivable financing was created by Vacation Finance, America’s First Second-Home Lender, by introducing loan options that look at the whole picture. Many membership/club finance companies require a seller to warehouse millions of dollars worth of notes before a facility or note sale can be completed, Vacation Finance wants to be your partner much earlier in the process.

 

Our new timeshare/vacation club/membership receivable financing options are flexible in many ways. “Credit scores are not the only way to judge a borrower’s credit-worthiness, before credit scores we actually read a credit report and look for trends” says Bob Waun, CEO of Vacation Finance “alternative credit methods are proven effective, and we plan to implement these old-school techniques.”

 

Common Sense Risk Underwriting

 

Seasoning requirements, and risk-based pricing methods have also been revised to create more opportunity for vacation ownership buyers. “Our background in consumer home loan, condo hotel and fractional financing allows us to draw on our experience to create a slightly different loan product” claims Lisa Porada, VP Operations.

 

Risk-based pricing can effectively lower borrowing costs for both the consumer and the lender when measured and implemented properly. The new program enhancements will help both developers and consumers. Call us for a quick quote on your portfolio.

 

About VACATION FINANCE

 

Is an equal housing lender and a division of Americor Financial Services, INC. Vacation Finance is a member of The American Resort Developers Association, The National Association of Condo Hotel Owners and is dedicated to creating financing for the resort industry.

 

Website: http://www.vacation-finance.com

VACATION FINANCE

Bob Waun

CEO

email: bwaun@vacation-finance.com

phone: 248.816.7245

 

 

 

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