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  • Dr P Singh

Timeshare loans securitised by Wyndham & Westgate


2015 and 2016: Two separate deals of Wyndham's timeshare loans (aka vacation ownership loans) ($350m and $425m). Details here and here

May 2016: Westgage Resorts issued $200m of timeshare loans and placed them privately to 14 qualified investors in and outside the USA in the s144a market and in compliance with Reg S. Since 1992 it has securitised $3bn. Details here

Nov 2016: Diamond Resorts is preparing a similar offer - details here/. Note the substantial losses expected on these types of assets, and hence the high level of creditenehancement.


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