Sample Transactions

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Sample Transactions

 

Below you’ll find a sample of some of the transactions Colebrook has been involved in during the past twelve years. A common thread is the growth of relationships from a relatively small amount to levels of $20 million or $30 million. Most of our competitors prefer either small loans or big loans, and none has Colebrook’s ability to stay with a client as they grow, maintaining the continuity of the relationship.

 


Hypothecation Loans to a Large Regional Developer

This relationship began in 2003 with a $1 million dollar loan and has grown to a total of more than $30 million in outstanding loans and commitments. As the company grew, so did its relationship with Colebrook. In addition to typical receivable lending, we have financed inventory, management contracts, B credit portfolios, and travel club receivables. Our familiarity with the company, its products, and its history enables us to work efficiently and effectively to provide financing tailored to its needs. We have also closed several fixed rate loans and have assisted the company in two complex acquisitions that required some creative and flexible structuring on the part of Colebrook.

 


Acquisition and Hypothecation Loans to a West Coast Vacation Club

One of the most significant developments in the timeshare industry during the past several years has been the growth of clubs that own inventory at a number of different resorts. Colebrook was among the first lenders to understand the club concept and lend against the receivables under a structure that protects the owners and the lender. This relationship began as a $3 million loan in 2003 to a relatively new company. We were there in the early days, nurturing the relationship, providing feedback on operations, and watching the company prosper and grow. The relationship with Colebrook is now in excess of $30 million.

We have also extended a number of fixed rate loans, and when the developer acquired another of our customers, we provided the financing in the form of a $9 million acquisition loan.

 


Hypothecation Loans to a Large West Coast Developer

This relationship began during the financial crisis of 2008-09, when the developer’s lender decided to exit the timeshare industry. Colebrook, which had known the company and its principal for a few years, stepped in quickly to provide ongoing financing. Over the next several years, we re-financed the loans of the former lender, and have provided several
fixed rate facilities.

With their previous lender, the company had frequently had to replace delinquent contracts in order to keep their loan in formula. Under the Colebrook structure, it has accumulated sizable collateral surpluses, which have been accessed for expansion and acquisitions.