CONSTRUCTION LOANS -
One of the critical factors that has contributed to success of
the vacation ownership/timeshare industry has been the availability of construction
financing to build a quality project. In the early days of the timeshare
industry, financing was not available for purpose built projects. The lack
of available funding could lead to incomplete projects. Ward Financial's
construction loans are structured to provide all of the funding possible
for both the construction of the project as well as appropriate capital
necessary to initiate sales and marketing. Ward Financial will also design
the financing to control the exposure of risk to you, the developer. Please
contact Ward Financial to find out how construction financing can be structured
for your project.
ACQUISITION AND DEVELOPMENT
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Funding is available for the acquisition of property sites and
for the construction of timeshare projects. This acquisition and development
funding is available for projects in the United States, Mexico, Canada,
and the Caribbean. The financing is individually structured to meet the
needs of the specific project. Appropriately structured, am acquisition
and development loan can minimize the developer's equity investment prior
to initiating construction. Furthermore, it can be designed to minimize
the developers debt exposure. Please contact Ward Financial for information
regarding how an acquisition and development loan can be tailor-made for
your project.
RECEIVABLE FINANCING -
If every time timeshare/interval purchaser paid cash for an interval
then receivable financing terms to buyers. Ward Financial will provide you
the means to turn those receivables into cash and also show you how it can
be an enormous profit center to you, the developer. As an experienced developer
you may be paying too much for receivable financing and letting some valuable
profit slip away. Contact Ward Financial Company for a current rate quote
on receivable financing for your existing portfolio or for your new project.
SELLING RECEIVABLES -
A common method to convert consumer notes receivable into cash
by selling the notes. This method can provide to the resort developer the
liquidity that is necessary to cover operating expenses and ongoing sales
and marketing expenses. Ward Financial can structure either sale of receivables
or a hypothecation of receivables, and illustrate which program is most
beneficial to the developer. The right structure will depend on the developer's
goal to maximizing liquidity versus maximizing profit. There is considerable
income to be realized through these consumer notes receivable. Contact Ward
Financial so that we can walk you through the advantages of selling receivables
versus hypothecating receivables.
INVENTORY FINANCING -
If you have a timeshare project in mind but do not need construction
financing and just need capital to acquire the units, then "inventory"
financing is what you need. This "inventory" financing is available
for projects located in the U.S., Mexico, Canada, and the Caribbean. An
inventory loan holds the intervals during your sell-out period and amortizes
at the same rate of the sale of the timeshare interval. Contact Ward Financial
regarding the proper structure form an inventory loan and other funding
possibilities for your project.
INTERNATIONAL FUNDING -
Several years ago funding for the development of vacation ownership
projects and receivable financing was almost exclusively limited to U.S.
based projects. Funding is now available for non-U.S. projects! Ward Financial
has already obtained funding for timeshare resorts in Mexico, Canada, Aruba,
St. Martin, the Bahamas, etc. Availability is not limited to those countries.
Both construction and receivable financing are available for destinations
throughout North America, the Caribbean and Western Europe. For more information
contact Ward Financial Company.
HOTEL LOANS -
Ward Financial's long standing association in the resort timeshare
market has given them the ability to provide hotel financing for resort
and non-resort hotels. Oftentimes, a vacation ownership project is coupled
with hotel inventory for a mixed use resort. Please contact Ward Financial
to find out what financing terms and interest rates are available for the
hotel portion of your development | 
