Mr. Jeffrey A. Owings

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  2008 ARDA Trustee Members - [Cached Version]
  Last Visited: 12/11/2008  

  Industry veterans, Jeff Owings and Teresa Mortensen, lead GMAC - RFC Resort Finance's management team.
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  Prior to launching the resort finance business for GMAC - RFC, Mr. Owings and Ms. Mortensen spent 22 years and 15 years, respectively, at FINOVA Capital Corporation where they originated over $5 billion in loans to timeshare developers.
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  Jeffrey A. Owings Managing Director 2425 East Camelback Road Suite 500 Phoenix, Arizona 85016 602.224.7740 phone 602.224.7760 fax

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  A whole new angle - [Cached Version]
  Published on: 10/31/1999    Last Visited: 5/6/2004  

  "As the timeshare business continues to gain credibility, there is more capital attracted to this area," says Jeff Owings, senior vice president of the Resort Finance Group.
  
  This group furnishes the resort industry with financing that transcends the one-size-fits-all approach.The Resort Finance Group can provide creative loan structures with competitive pricing in the form of construction, acquisition, working capital, equity and receivables financing ranging from $3 million to $95 million, Owings says.
  
  Complementing its timeshare-resort finance program is FINOVA's full-service program for the financing of fractional resorts, the increasingly popular hybrid product between timeshare ownership and whole-unit ownership."We offer acquisition, construction and receivables financing to fractional-resort developers," says Owings.
  
  Grand Pacific Palisades Resort, a timeshare resort/hotel adjacent to Legoland in Carlsbad, Calif., is a recent project of the Resort Finance Group."The Speciality Real Estate Group financed the hotel portion of the facility, then it rolls over into a sell-out of the timeshare resort units," says Owings.
  
  The attractiveness of the timeshare property has become noticeable to the hotel operator recently, too.According to Owings, many hotel operators are evaluating the possibility of entering the timeshare business if they haven't already.
  
  There also has been more market segmentation within the timeshare industry itself lately, Owings says.More luxury brand hotels are entering the market, a trend he expects to see continue for the next five to 10 years.

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  ARDA | Trustees - [Cached Version]
  Published on: 8/6/1999    Last Visited: 12/1/2006  

  Jeffrey A. Owings

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  Agenda - [Cached Version]
  Published on: 10/5/2002    Last Visited: 12/16/2002  

  Jeffrey A. Owings, Senior Vice President, Resort Finance Division, GMAC Finance

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  Commercial Mortgage News - [Cached Version]
  Published on: 4/24/2002    Last Visited: 4/24/2002  

  Jeff Owings and Teresa Mortenson have been named to management positions in the recently formed resort finance division of Residential Funding Corp., Minneapolis.
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  Mr. Owings will head GMAC-RFC Resort Finance as managing director of the Phoenix-based division.Before joining GMAC-RFC, he was senior vice president of Finova Capital Corp.'s resort finance division.

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  GMAC-RFC RESORT FINANCE APPOINTS KEY LEADERSHIP - [Cached Version]
  Published on: 4/10/2002    Last Visited: 4/17/2002  

  MINNEAPOLIS - April 10, 2002 -- Residential Funding Corporation (GMAC-RFC) today announced that Jeff Owings and Teresa Mortensen have accepted leadership roles with the company's recently formed GMAC-RFC Resort Finance business.
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  "Jeff and Teresa are veterans of the resort finance industry with extensive experience in loan origination, servicing and administration, as well as active leadership roles in a key timeshare trade association," said Greg Schultz, president of GMAC-RFC's Business Capital Group.
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  As managing director, Owings will lead the Phoenix, Ariz.-based GMAC-RFC Resort Finance business.Before joining GMAC-RFC, Owings was senior vice president of FINOVA Capital Corporation's resort finance division, managing more than $1.6 billion in assets, secured primarily by timeshare properties.Prior to his 19-year tenure with FINOVA, Owings was with the Bank of America in Los Angeles.He serves on the board of directors for the timeshare industry's trade association, American Resort Development Association (ARDA).

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  GMAC-RFC RESORT FINANCE APPOINTS KEY LEADERSHIP - [Cached Version]
  Published on: 4/10/2002    Last Visited: 5/8/2002  

  Jeff Owings
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  MINNEAPOLIS - April 10, 2002 -- Residential Funding Corporation (GMAC-RFC) today announced that Jeff Owings and Teresa Mortensen have accepted leadership roles with the company's recently formed GMAC-RFC Resort Finance business.
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  "Jeff and Teresa are veterans of the resort finance industry with extensive experience in loan origination, servicing and administration, as well as active leadership roles in a key timeshare trade association," said Greg Schultz, president of GMAC-RFC's Business Capital Group.
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  As managing director, Owings will lead the Phoenix, Ariz.-based GMAC-RFC Resort Finance business.Before joining GMAC-RFC, Owings was senior vice president of FINOVA Capital Corporation's resort finance division, managing more than $1.6 billion in assets, secured primarily by timeshare properties.Prior to his 19-year tenure with FINOVA, Owings was with the Bank of America in Los Angeles.He serves on the board of directors for the timeshare industry's trade association, American Resort Development Association (ARDA).

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  GMAC-RFC: Newsroom: Press Releases: 2002 - [Cached Version]
  Published on: 11/9/2001    Last Visited: 8/7/2002  

  Jeff Owings
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  MINNEAPOLIS - April 10, 2002 -- Residential Funding Corporation (GMAC-RFC) today announced that Jeff Owings and Teresa Mortensen have accepted leadership roles with the company's recently formed GMAC-RFC Resort Finance business.
  ...
  "Jeff and Teresa are veterans of the resort finance industry with extensive experience in loan origination, servicing and administration, as well as active leadership roles in a key timeshare trade association," said Greg Schultz, president of GMAC-RFC's Business Capital Group.
  ...
  As managing director, Owings will lead the Phoenix, Ariz.-based GMAC-RFC Resort Finance business.Before joining GMAC-RFC, Owings was senior vice president of FINOVA Capital Corporation's resort finance division, managing more than $1.6 billion in assets, secured primarily by timeshare properties.Prior to his 19-year tenure with FINOVA, Owings was with the Bank of America in Los Angeles.He serves on the board of directors for the timeshare industry's trade association, American Resort Development Association (ARDA).

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  Shell Vacations Completes Major $350 Million... - [Cached Version]
  Published on: 8/1/2006    Last Visited: 8/20/2006  

  "Of equal importance," said Goldstein, "for us, it's a great comfort to once again be working with professionals like Jeffrey Owings and Teresa Mortensen of GMAC who know and understand Shell Vacations, our business, and how our points-based Club works."
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  According to Jeffrey A. Owings, the Managing Director of Residential Funding Corporation, "The team at Shell Vacations is no stranger to us.Over the years they have proven themselves to be one of the most entrepreneurial, innovative and visionary executive teams in the business.We are pleased to have rejoined forces with Shelly Ginsburg and his team and look forward to being able to assist Shell Vacations with its future growth and development needs."
  
  Added Sheldon Ginsburg, Shell Vacations President/CEO, "With this new source of capital, we now have the ability to aggressively pursue several exciting new development projects that we have been keeping on the back burner.Working with Jeffrey Owings and his team will result in a positive impact on our operations because they truly understand the timeshare business and have a solid grasp of the dynamics of our points-based Club product.

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  The Resort Trades - [Cached Version]
  Published on: 8/8/2006    Last Visited: 3/3/2009  

  "Of equal importance," said Goldstein, "for us, it's a great comfort to once again be working with professionals like Jeffrey Owings and Teresa Mortensen of GMAC who know and understand Shell Vacations, our business, and how our points-based Club works."
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  According to Jeffrey A. Owings, the Managing Director of Residential Funding Corporation, "The team at Shell Vacations is no stranger to us. Over the years they have proven themselves to be one of the most entrepreneurial, innovative and visionary executive teams in the business. We are pleased to have rejoined forces with Shelly Ginsburg and his team and look forward to being able to assist Shell Vacations with its future growth and development needs."
  
  Added Sheldon Ginsburg, Shell Vacations President/CEO, "With this new source of capital, we now have the ability to aggressively pursue several exciting new development projects that we have been keeping on the back burner. Working with Jeffrey Owings and his team will result in a positive impact on our operations because they truly understand the timeshare business and have a solid grasp of the dynamics of our points-based Club product.

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