The Founders of Alderwood have decades of experience in Canadian tax, legal, and finance. Alderwood was founded to fill a need for financing tailored exclusively for Canadians to purchase Vacation Club Memberships while on vacation. Resort vacation financing, if available at all, is customarily in high-interest US Dollar loans or through credit cards charging as much as 26% interest.
Alderwood is headquartered in Nassau, Bahamas. This provides easy access to the resorts located in the Caribbean operating Vacation Membership Clubs. Alderwood has focused on providing financing in Cuba. This is one of the most popular destinations for Canadian tourists. Also, because of the US embargo, traditional sources of financing are not available. In addition, Alderwood also provides financing to Canadians at the Sports Illustrated Resort, Cap Cana in the Dominican Republic.
Alderwood is able to provide its unique lending services because it is not funded by traditional Banks or other financial institutions. Alderwood is funded by loans from CheckMark Financial Corporation. CheckMark offers Bonds to Canadian investors using their RRSP or TFSA accounts. Investors receive a rate of return in their RRSP or TFSA which help fund retirement goal while providing an economical cost of funds to Alderwood.
Alderwood works closely with Capital Squared Financial Inc. based in Ottawa, Ontario. CSF has a bilingual staff dedicated to providing first-class customer services to its Canadian borrowers. CSF staff is available by telephone or email at any time to address any concerns and answer questions. CSF also services the monthly payments for the Vacation Loans and provides statements to borrowers.