Westgate Resorts has completed a securitization of a pool of approximately $227 million of timeshare loans.

In a statement published Monday, the company said that it placed $215 million of notes with 20 investors. Three classes of notes were issued by the securitization trust, dubbed Westgate Resorts 2014-1 LLC: $127 million of class A notes, rated ‘A’ by KBRS, pay interest of 2.15%; $53 million of class B notes, rated ‘BBB,’  pay 3.25%; and $35 million of class C notes, rated ‘BB,’ pay 5.5%.

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