Colebrook Financial Makes Capital Loan to InnSeason HOA

Timeshare industry lender Colebrook Financial closed a receivable financing facility with InnSeason Resorts in 2021 and is following that with a capital improvement loan for one of its owners’ associations.

Rather than do improvements in stages, the Pollard Brook HOA, which manages the company’s Pollard Brook Resort in Lincoln, New Hampshire, has opted to do all the renovations at once. The loan will allow the association, with the professional guidance of the InnSeason property management team, to finance indoor and outdoor pool and hot-tub amenity upgrades at the resort.

“We are excited to expand our relationship with the InnSeason organization by extending this Association loan,” said Mark Raunikar, partner with Colebrook Financial. “We are proud that HOAs such as Pollard Brook come to us for good service and guidance, and hands-on attention which some larger lenders cannot provide.”

Colebrook is one of the most prominent lenders to timeshare homeowners’ associations, servicing requests that some national lenders find too unusual and complex. Colebrook has filled that void with a product that allows associations a vehicle to finance needed improvements, Raunikar said, bringing extensive timeshare expertise and lack of bureaucracy that enables the company can underwrite requests quickly—and closing loans with minimal legal expense.