Friday, August 3, 2012
Author: Jason Tremblay | Topics: Florida Timeshare, timeshare news
Silver Lake Resort, LTD, a timeshare development company and owner of Silver Lake Resort timeshare, has entered into an expanded relationship with lender Liberty Bank. Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, says the $40 million loan renewal and modification will help the Florida based timeshare developer refinance a previous lender’s inventory loan. Wellington Bank specializes in lending to developers of timeshare resorts, fractional resorts and retail land.
Deborah Moore, CEO of Silver Lake Resort timeshare explains, “We have enjoyed working with Liberty Bank and Wellington Financial since 2009, as they have become extremely well versed in our particular project. Our teams work well together so the approval process was both timely and smooth. Their in-depth knowledge of the timeshare product and a developer’s financial requirements enabled them to create an innovative approach to refinancing our inventory loan with a prior lender.”
Silver Lake Resort Timeshare
Timeshare developer Silver Lake Resort, LTD, is located in Kissimmee, Florida, just south of Orlando, which is known as home to more timeshare resorts and more timeshare developers than any other location in the world. Silver Lake Resort timeshare is located approximately two miles from the main entrance to Walt Disney World, and offer 292 vacation ownership villas. These timeshare villas include one-, two, and three-bedroom floor plans. Upon completion of construction, Silver Lake Resort timeshare will include some 630 timeshare villas and the potential to support 42,000 timeshare owner families. Silver Lake Resort timeshare is affiliated with RCI (Resort Condominiums International) and carries a Gold Crown Resort designation.
Liberty Bank Vice President, Relationship Manager, David Brede says, “We are very pleased to have continued our existing relationship with Silver Lake Resort and at the same time being able to provide a structure to refinance their loan with another lender. Silver Lake Resort’s consistent strong performance is borne out by the many positive approval ratings they repeatedly receive within the industry.”