Lantern Asset Management has completed a $120.2 million securitization of timeshare loans linked to the Hilton name.

The deal, Elara HGV Timeshare Issuer 2014-A, is backed by 6,546 loans to members of either the Hilton Grand Vacations Club or the Hilton Club, both of which operate under the umbrella of the high-profile resort company. The clubs jointly have 200,000 members. It consists of two tranches, one for $107.5 million with an ‘A’ rating from Standard & Poor’s pays interest of 2.53% and one for $12.7 million with a ‘BBB’ rating pays 3.02%, according to a press release published Tuesday.

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