Liberty Bank Renews Financing for Bluegreen Timeshare
Friday, June 7, 2013
Liberty Bank, through its exclusive Resort Finance lending correspondent, Wellington Financial, has renewed a finance agreement with Bluegreen timeshare. Bluegreen timeshare will utilize the $50 million hypothecation loan to finance timeshare resort mortgage receivables.
Paul Humphrey Senior Vice President, Finance and Capital Markets 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.”
Liberty Bank VP Denise Brewer adds, “Bluegreen has been a customer since the Fall of 2008. 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.”
Bluegreen timeshare, part of Bluegreen Corporation is based in Boca Raton, Florida. Founded in 1966, today Bluegreen timeshare owners have over 60 resorts throughout the US and the Caribbean, from which to choose .
