Loan Extended to Shell Vacations Timeshare for California Timeshare Development
Monday, December 19, 2011
Liberty Bank has increased and extended its loan to Shell Vacations Club. Wellington Financial, the exclusive resort finance lending correspondent for Liberty Bank, says Liberty Bank’s loan to the timeshare development company will provide end-loan financing for Shell Vacation’s Napa Valley California timeshare resort project.
In what seems to reflect positive news about the economy, with banks lending money and gaining confidence about the future, Liberty Bank Vice President David Brede explains, “Shell Vacations, LLC is one of our key clients and we are very pleased to expand our relationship with them. They provide a quality product and their sales have remained steady, despite the recent downturn in the economy. We have every reason to believe this trend will continue as the economy improves.”
Shell Vacations LLC Chief Financial Officer Bill Weber says, “We’ve been working with the team from Liberty Bank and Wellington Financial since 2007 and are happy to expand on that relationship. They understand the intricacies involved in servicing a first-class organization like ours. Over the years we have been pleased with their ability to seamlessly provide the underwriting for us to offer reasonable financing to our owners.”
The loan targets the development of Shell Vacations’ Napa Valley California timeshare project, the Vino Bello Resort®, located in the heart of wine country. Vino Bello Resort is being constructed adjacent to the Meritage Resort, making it easy for Vino Bello timeshare owners and guests to enjoy the Spa Terra, Estate Wine Cave and Meritage Wine Tasting Bar at the Meritage Resort in addition to the numerous amenities of the Vino Bello.
Timeshare units at Vino Bello will include studios and one- and two-bedroom timeshare suites, with plasma screen televisions, five-headed showers, in-room Jacuzzi tubs in all one-bedroom suites, fully equipped kitchen or kitchenettes, and other luxury features.
What Makes Shell Vacation Club Timeshares and Timeshare Resales So Popular
Shell Vacations is a highly respected vacation ownership (timeshare) developer, operating or affiliated with some 24 resorts in the US, Mexico and Canada. With more than 115,000 timeshare owner / members, Shell Vacations Club is known for its flexible ownership program, a customer-first approach to resort hospitality, and some of the most popular resort getaways in North America.
Shell Vacations Club timeshare includes:
- Shell Vacation Points within a Shell Owners Club (also known as a “Home Club”), and
- Deeded Shell timeshare intervals which is often a fixed week at a specific Shell Vacations Club Resort.
Shell Vacations Timeshare Company is headquartered in Northbrook Illinois.
