Resort Finance LLC
In 2003 we formed Resort Finance LLC as joint venture with a bank.
At Resort Finance LLC we lent to just about every major timeshare developer in the US.
We originated $1.5 Billion over 3½ years by being creative and responsive to our customer’s needs.
We never experienced a credit loss, we made approximately $40 Million of net income and we sold the portfolio to a finance company at an attractive premium.
At Resort Finance LLC we provided our equity holders with an average annual return of 50%.