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Vacation Ownership Financing
Our Vacation Ownership group provides financing to the timeshare resort industry from project conception to final sell-out. We offer acquisition and development financing, as well as construction and inventory loans. For timeshare companies needing working capital we offer receivables financing and off-book purchase options.
Click here to view a pdf of this product
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Click here to view a pdf of this product.
This information is intended to give you our typical financing deal parameters. If your transaction does not meet these parameters please call us to discuss how we can meet your needs.
The information furnished to you here is preliminary. This is not an offer or a commitment. Rates, terms and conditions may be changed without notice.
All transactions are subject to submission of a formal application, underwriting and written approval. Approved terms may vary.
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Project Finance
(Acquisition, Construction,
Inventory)
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Notes Receivable
Hypothecation
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Notes Receivable
Securitization
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Trasaction Size
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Asset Types
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- Timeshare resorts located in the US, Canada, Mexico, and the Caribbean
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- Notes receivable
generated from timeshare
resorts located in the US,
Canada, Mexico, and the
Caribbean
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- Notes receivable
generated from timeshare
resorts located in the US,
Canada, Mexico, and the
Caribbean
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Customer Types
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- Experienced timeshare
developers with a proven
track record
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- Experienced timeshare
developers with a proven
track record
- Deeded & non-deeded
clubs are eligible
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- Experienced timeshare
developers with a proven
track record
- Deeded & non-deeded clubs are eligible
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Structure
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- Deeded & non-deeded
clubs are eligible
- 2- to 5-year terms, amortizing
- 1- to 3-year draw period
- 70% - 85% loan to cost
- Recourse to developer
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- 3- to 5-year terms
- 1- to 3-year revolving
period
- Advance rates 80% - 100%
- Revolving period lockout
- Recourse to developer
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- 10-year term
- 1- to 3-year purchase
period
- Advance rates 80% - 100%
- Off-balance sheet, debt
for tax, true-sale flexibility
- Bankruptcy-remote structure, non-recourse
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Interest Rates
and Costs
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- Floating at competitive
spreads over 30-day LIBOR
- Generally, 1% origination fee
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- Fixed or floating at competitive spreads over
corresponding indices
- Generally, 1% origination fee
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- Fixed at competitive
spreads over corresponding indices
- Generally, 1%
origination fee
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