Equivest Finance - EQUI- Profile

Equivest Finance, Inc.. The Group provides financing to domestic and foreign timeshare resort developers, which include consumer lending for timeshare intervals and hypothecation loans to resort developers. Subsidiaries of the company include Resort Funding, Inc., which provides two primary products namely financing of consumer timeshare receivables and making loans to fund the acquisition, development and construction of timeshare resorts. Apart from this the company also provides pre-construction financing to support timeshare interval sales while construction is taking place. In 1999, the company acquired Kosmas Group International, Inc. ("KGI") and Peppertree Resorts, Ltd. ("Peppertree"). Resort management accounted for 75% of 2000 revenues and financing, 25%. Resort management accounted for 75% of 2000 revenues and financing, 25%