Back
To News/PR Index

|

Liberty
Bank Signs Financing Deal with Calypso Cay

Wellington
Financial says Liberty Bank’s $20MM loan supposing to financial timeshare
receivables.

Liberty
Bank Signs Financing Deal with Calypso Cay
Charlottesville,
VA Middletown, CT – May 2013 / Hospitality 1ST / Wellington
Financial, a disdainful Resort Finance lending match for Liberty
Bank, announced a bank recently finished a loan of $20 million to
Timescape Resorts, LLC, developer of Calypso
Cay Vacation Villas Timeshare Resort.

“This
was a initial transaction together,” says Timescape Resorts Managing Member
Steve Bradley. “We found a group from Wellington and Liberty to be very
savvy about a product and industry. Their knowledge done a approval
process and servicing set-up procedures run really smoothly.”

“Liberty’s
loan replaces dual existent comforts from other lenders and will be used
to financial timeshare receivables generated during Calypso Cay Vacation Villas,”
says Don Peruta, Liberty Bank Senior Vice President and conduct of Liberty
Bank’s Resort Finance Division. “We are looking brazen to a long-lasting
and jointly gratifying attribute together.”

Wellington
Financial President Ron Goldberg says, “We are really tender by a resort
property. The landscaping and units are beautiful; and a plcae close
to all Orlando’s tip attractions gives a review an glorious leg-up.
We’ve famous Steve Bradley for years and are appreciative to finally have the
opportunity to work with a developer of this caliber.”

About
Calypso Cay Vacation Villas

Calypso
Cay Vacation Villas is a premiere timeshare review located 7 miles
away from Walt Disney World® Resort, Universal Studios Florida and
SeaWorld Orlando. Offering oppulance accommodations and high peculiarity service,
Calypso Cay (CalypsoCay.com) is
located amidst a best of Central Florida’s attractions, as good as offering
an array of guest-only activities. Calypso Cay’s pool is surrounded by
spacious decks and hosts dual full use Pool Bars.

About
Liberty Bank

Established
in 1825, Liberty Bank (Liberty-Bank.com),
based in Middletown, Connecticut, is a state’s oldest mutual bank, with
more than $3.5 billion in assets. Liberty Bank has been actively lending
to a timeshare attention via a U.S. for over 30 uninterrupted years.
The bank’s joining to higher use has resulted in lending relationships
with some of a industry’s largest and many successful developers. Member
FDIC. Equal Housing Lender.

About
Wellington Financial

Wellington
Financial (Wellington-Financial.com)
is a disdainful Resort Finance lending match for Liberty Bank
and specializes in lending to developers of timeshare resorts, fractional
resorts and sell land. Founded in 1981, a financial and use company
offers a full operation of products, including receivables hypothecation, purchase
and passage facilities; pre-sale and operative collateral lines of credit; acquisition,
construction and restoration financing, as good as passageway and equity
debt financing. President Ron Goldberg serves on a Board of Directors
for a American Resort Development Association (ARDA).

Media Contact:

Sharon
Drechsler-Scott

for Wellington
Financial Liberty Bank

SharonINK
PR Marketing

310-923-1269

|