Colebrook Financial Provides $10 Million Fixed Rate Receivables Loan to Global Exchange Development Corporation

Colebrook Financial Company | February 7, 2023

Middletown, CT (February 7, 2022) –Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has provided an additional $10 million in financing to Global Exchange Development Corporation (GEDC). GEDC is the development company that builds or acquires the inventory for Global Exchange Vacation Club (GEVC), finances the purchases of the timeshare memberships, is the company responsible for selling GEVC’s memberships and in doing so hypothecates the consumer notes created by the sales. Colebrook and Global Exchange  have had a relationship since 2009.  GEVC is one of the most versatile...