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Wellington Financial

Are You Next? We're Ready.

Wellington Financial has financed the timeshare industry without interruption since 1981.  Specializing in receivables hypothecation, inventory and development loans starting at $10,000,000, we've funded over $3.5 Billion with our group of lenders.  Focused solely on lending to resort developers, we are the exclusive Resort Finance correspondent for Liberty Bank.  With over 30 years of expertise in the vacation ownership industry, we lend to credit-worthy borrowers at attractive banks rates.

Are You Next? We're Ready.

For close to 20 years, Wellington Financial and Liberty Bank have partnered to provide flexible loan facilities at attractive bank rates.  When others stopped lending, we continued supporting the timeshare industry. We were there when our borrowers needed us in the past, and we'll be there when they need us in the future.  Can your lender say that?  We are ready. Are you going to be next?


Liberty Bank renews $50MM timeshare receivables loan to Bluegreen Vacations


Wellington Financial says Liberty Bank renewed its $50 million timeshare receivables loan to Bluegreen Vacations

Charlottesville, VA & Middletown, CT; April 2014 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced the bank has recently renewed a financing agreement with a major vacation ownership sales, marketing and resort management company, Bluegreen Corporation (“Bluegreen Vacations” or “Bluegreen”). The $50 million hypothecation loan will be used to finance vacation ownership interest (“VOI”) notes receivable.

“We have enjoyed working with the team at Bluegreen since 2008,” says Liberty Bank VP Denise Brewer. “They are extremely capable and resourceful; always willing to go that extra mile. This has been a mutually satisfying relationship and one that we look forward to continuing.”

“On behalf of the team here at Bluegreen, we are pleased to continue working with Liberty Bank and their servicing entity, Wellington Financial,” says Senior Vice President, Chief Financial Officer and Treasurer, Tony Puleo of Bluegreen  Corporation. “It is our pleasure to be able to renew our loan and support our VOI operations with this facility."


Bluegreen Vacations is a leader in the vacation ownership industry. Headquartered in Boca Raton, FL, Bluegreen Corporation was founded in 1966, and, since entering the vacation ownership industry in 1994,  has always emphasized delivering memorable vacations through unique experiences and customer value. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based deeded vacation ownership plan. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based resort management, financial, and sales and marketing services on behalf of third party developers.  Bluegreen caters to its niche through its innovative methodology and customizable ownership packages available nationwide and in the Caribbean. This all translates to more than 176,000 Bluegreen Vacation Club owners who choose from more than 60 owned or managed resorts located in some of the most popular,  primarily “drive-to” resort destinations, and access to more than 4,000 resorts worldwide.


Liberty Bank lends additional $25 million to Breckenridge Grand Vacations

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.

Charlottesville, VA (January 22, 2015) – 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 Vacations, with an additional $25 million loan to Peak 8 Properties, LLC.

“We’ve been very pleased with the performance of Breckenridge Grand Vacation’s portfolio over the years,” says Liberty Bank Vice President Denise Brewer. “Their latest expansion adds another component to their already rich resort offerings. The company’s high standard is evident in all they do.”

According to Ron Goldberg who is president of Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, “The Breckenridge Grand Vacations team has demonstrated a fantastic track record in developing, marketing, selling and managing their resorts. We are very impressed with their latest addition, the Grand Colorado on Peak 8, another ski-in, ski-out resort.”

“Liberty Bank and Wellington Financial have been great partners for us,” says Mike Millisor. “Their strong work ethic, approachability and dedication to customer service mesh well with our own philosophy of doing business. We are pleased to have developed a solid relationship that I am sure will continue for many years.”

About Breckenridge Grand Vacations

Founded in 1984, Breckenridge Grand Vacations creates great vacations for more than 20,000 owners. In addition to the Grand Colorado on Peak 8, the developers, brothers Mike and Rob Millisor, along with Mike Dudick, have built Gold Point Resort, Grand Timber Lodge and the Grand Lodge on Peak 7 in one of North America’s premier destinations for skiing, hiking, biking and other activities. Breckenridge Grand Vacations offers luxurious accommodations, including everything from studio to 4-bedroom units; easy access to 2,900+ acres of the Breckenridge Ski Resort, two day spas; movie theaters; heated indoor and outdoor pools; fitness facilities and two restaurants. Owners can stay at their home resort or may exchange their time in over 2,000 resorts through Interval International. Additionally, the resort’s unique ownership plan enables owners to access the resorts’ amenities 365 days per year.


Liberty Bank extends lending relationship with King’s Creek Plantation

Charlottesville, VA and Middletown, CT; September 2014 -- Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, says the bank recently closed an extension of its lending relationship  with King’s Creek Plantation, in Williamsburg, Virginia.

“This is an important relationship for us,” says Liberty Bank Vice President Denise Brewer. “The senior leadership at King’s Creek impressed us with their acumen for management and sales; the resort, itself, is highly engaging; plus, they are in a highly valued vacation destination. Because of its historical district as well as the nearby amusement park, Busch Gardens Williamsburg, it’s almost a year-round destination.”

King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell says, “We are extremely fortunate to work with Liberty and Wellington. The loan process went very smoothly, thanks to the teams at both Liberty and Wellington.”


Situated in Williamsburg, Virginia, King's Creek Plantation is an Interval International 5-Star Resort located within easy access of the Colonial Parkway, which links Williamsburg to historic Jamestown and Yorktown.  The resort features one, two, three and four bedroom homes amidst a complex offering multiple swimming pools, a year-round indoor aquatic center, jetted pools, saunas, large workout room, tennis courts, a basketball court, picnic areas, playgrounds, an 18-hole miniature golf course, jogging trail and more in a gated community. For more information, call 866-228-6796 or visit http://www.kingscreekplantation.com.


Liberty Bank to finance PHI Redevelopment’s Construction of a Bluegreen Vacations Timeshare Fee-Based-Service Project in Williamsburg

Wellington Financial says Liberty Bank has closed a $6MM construction loan and a $9MM receivables hypothecation loan for PHI Redevelopment, LLC, to develop a new timeshare phase at Bluegreen Vacations Patrick Henry Square in Williamsburg, VA.

Charlottesville, VA & Middletown, CT – February 2015Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced the bank has committed to a $6MM construction loan for a 25-unit timeshare building, pool and check-in facility with PHI Redevelopment, LLC (“PHI”), as well as a $9MM receivables hypothecation loan.  The new building will be the next phase of Bluegreen Corporation’s (“Bluegreen Vacations”) Williamsburg, Virginia-based, Bluegreen Patrick Henry Square™ project.  Bluegreen Vacations will provide sales and marketing, project management and loan servicing for PHI.  

“We are pleased to be able to provide construction and receivables financing to PHI,” said Denise Brewer, Vice President of Liberty Bank. “Bluegreen Patrick Henry Square is in a great location, just a half-block from historic Williamsburg, Virginia. The new phase shows great promise, especially in light of the recent improvement in the U.S. economy.”

“Liberty Bank has been lending to Bluegreen Vacations since 2008.  The opportunity to expand the relationship by combining Bluegreen Vacations expertise with the experience of PHI’s owner, Andy Anderson, provided the bank with a great deal of comfort,” added Shawn Brydge, Senior Vice President of Wellington Financial.

“Given Bluegreen Vacations’ long relationship with Liberty and Wellington, we are excited they are lending to PHI for the next phase of Patrick Henry Square.  It’s a terrific product in a wonderful location,” said David L. Pontius, Executive Vice President, Chief Strategy Officer and President of Bluegreen Services.

“We are happy to have the opportunity to develop Patrick Henry Square with these timeshare industry leaders and provide Bluegreen Vacations owners with an exceptional vacation experience in historic Williamsburg,” commented Andy Anderson, President of PHI.

About PHI Redevelopment, LLC 
PHI Redevelopment, LLC is developing three buildings with a total of sixty-seven units, an indoor pool and check-in facility at Patrick Henry Square in conjunction with Bluegreen Corporation.  Andy Anderson, President of PHI, has been a Bluegreen fee based service developer at Parkside Resort in Williamsburg since 2009.