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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 closes $65 million loan financing to Westgate Resorts

Liberty Bank closes $65 million loan financing Westgate Resorts

Charlottesville, VA & Middletown, CT; June 2013 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced that the bank has recently closed a $65 million revolving receivables line of credit to Westgate Resorts. Liberty Bank has been actively lending to the timeshare industry throughout the U.S. for over 30 consecutive years. Westgate Resorts is one of the largest resort developers in the United States with 27 themed destination resorts in premier locations throughout the United States.

“Westgate has had a long-term relationship with Liberty through the bank’s participation in various transactions over the years,” says Westgate Resorts CFO Tom Dugan. “We are delighted to enter into a direct lending relationship with them and look forward to a successful, long-term association together.”

“We are excited to continue our relationship with Westgate Resorts,” says Liberty Bank VP of Resort Finance, David Brede. “We are confident in their senior management team’s ability to continue to be a successful company and an industry leader.”

“The Bank has been an indirect lender to Westgate for many years prior to this,” says Wellington Financial President Ron Goldberg, “Watching the timeshare company navigate through the recent economic downturn and emerge stronger and more focused has been a privilege. As Liberty Bank’s exclusive correspondent, Wellington jumped at the opportunity to cement a direct relationship.”

 

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Liberty Bank renews $50MM financing for Bluegreen Vacations

Wellington Financial announces Liberty Bank's renewal of their $50 million timeshare receivables loan.

Charlottesville, VA & Middletown, CT; June 2013 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced the bank has recently renewed a finance agreement with a major timeshare resort development company, Bluegreen Corporation ("Bluegreen"). The $50 million hypothecation loan will be used to finance timeshare resort mortgage receivables.

“Bluegreen has been a customer since the Fall of 2008,” says Liberty Bank VP Denise Brewer. “We are pleased to continue our long-standing relationship with Bluegreen, as we find their management team to be astute and creative, and their resort offerings to be diverse, extensive, and of superior quality. We’re looking forward to an ever-growing, long-term relationship.”

Senior Vice President, Finance and Capital Markets Paul Humphrey of Bluegreen Corporation says, “We have had a very satisfactory and enjoyable relationship working with Liberty Bank and Wellington Financial. We are pleased to be able to renew our loan and support our timeshare operations with this facility."

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