• Image-1
  • Image-4
  • Image-3
  • Image-2

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?


King's Creek Plantation Loan Extension

 

Wellington says Liberty Bank closed extension of lending relationship with timeshare resort 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.”

Read more...

Liberty Bank renews $50MM Receivables Loan and closes new $25MM Inventory Loan for Silverleaf Resorts

 

Wellington Financial says Liberty Bank renewed a $50 million timeshare receivables loan and closed a $25 million inventory loan.

Charlottesville, VA & Middletown, CT; April 2014 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced the bank has recently closed a financing agreement with a major timeshare resort development company, Silverleaf Resorts, Inc. The bank agreed to provide a new $25 million revolving inventory loan facility and to renew their $50 million revolving hypothecation loan facility.

“Liberty Bank and Wellington Financial’s staff has been very easy to work with,” says Mike Smith, Senior Vice President of Capital Markets at Silverleaf Resorts. “Going through the procedure simultaneously for two transactions provided a few complexities, but thanks to their professionalism these were easily ironed out.”

“We have found the relationship with Silverleaf Resorts to be very satisfactory over the years,” says Liberty Bank Vice President David Brede. “Liberty’s relationship with Silverleaf dates back to 2007. Silverleaf’s management team has been very consistent in providing a sound product that can appeal to a diversified customer base. We are pleased to continue the lending relationship and expand it to accommodate their growth.”

Wellington Financial President Ron Goldberg notes that Silverleaf Resorts has been in the business since 1989. “The resorts’ offerings provide their timeshare owners with value, variety, convenience and flexibility – a winning quartet,” he says.

Read more...

Liberty Bank renews $40MM Receivables Loan & closes new $6MM Construction Loan for Silver Lake Resort

 

Wellington Financial says Liberty Bank’s relationship to Orlando-based timeshare resort developer included renewing a receivables loan for $40mm and providing a construction loan for $6mm.

Charlottesville, VA & Middletown, CT;  April 2014 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, says the bank has renewed a $40 million loan for Silver Lake Resort, a timeshare development company located in Orlando, Florida. Additionally, the bank provided a $6 million loan for new unit construction at the resort.

“It is very satisfying to partner with Liberty Bank and Wellington Financial as they support Silver Lake Resort’s substantial growth,” says Silver Lake Resort’s CEO, Deborah Moore.  “Our relationship has contributed to the overall success of our resort and we look forward to an even brighter future.”

“Since 2009, we have been pleased to provide financing to Silver Lake Resort and are delighted to now be able to   support the further expansion of the resort with a construction loan,” observes Liberty Bank Vice President, Relationship Manager David Brede.

Wellington Financial’s Senior VP Shawn Brydge says, “Silver Lake employs a robust management team, each with significant tenure with the company.  Their consistency and passion to provide a quality product and wonderful customer experience is evident in the way they run their operation, and that carries over to our lending relationship.”

Read more...

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."

Read more...