With over $2 billion in loan commitments to timeshare developers, GMAC - RFC Resort Finance has established itself as a premier provider of capital to the timeshare industry since its inception in 2002. GMAC - RFC distinguishes itself from other lenders by focusing on developing long-term relationships with its customers and by customizing its capital solutions to meet their specific needs.
In addition to offering sizable revolving receivables lines of credit, a typical loan facility also includes a master acquisition, development and construction line of credit that gives timeshare developers maximum flexibility when acquiring or building their next project. Presale lines of credit, equity investments, subordinated loans, set aside letters and letters of credit round out GMAC - RFC’s product offerings—truly reflecting the needs of today’s timeshare developer. GMAC - RFC’s relationship approach to lending extends to its streamlined credit approval process—customers work directly with decision makers, regardless of the size of the transaction.
Industry veterans, Jeff Owings and Teresa Mortensen, lead GMAC - RFC Resort Finance’s management team. Prior to launching the resort finance business for GMAC - RFC, Mr. Owings and Ms. Mortensen spent 22 years and 15 years, respectively, at FINOVA Capital Corporation where they originated over $5 billion in loans to timeshare developers. Mr. Owings last served as senior vice president and business leader of FINOVA’s timeshare finance division, while Ms. Mortensen led the timeshare loan servicing and administration group.
As part of the GMAC Financial Services family of companies, GMAC - RFC Resort Finance brings unmatched financial resources, innovative products and powerful new tools to its clients. GMAC - RFC is committed to helping our clients achieve aggressive business goals and sustained profitability in the fast-growing timeshare industry.
Jeffrey A. Owings
Managing Director
2425 East Camelback Road
Suite 500
Phoenix, Arizona 85016
602.224.7740 phone
602.224.7760 fax
jeff.owings@gmacrfc.com
www.gmacrfc.com
