With consumer spending on the rise and investors warming to more esoteric assets, timeshare operators are increasingly turning to the securitization market to finance loans.

Bonds backed by vacation ownership interval loans performed consistently through the financial crisis, helped by strong credit enhancement, and today’s investors have the benefit of more granular data available on current deals. Access to subordinate paper in recent deals, in particular, also provides buyers with a higher yielding investment alternative and issuers with high leverage levels.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.