FreedomRoads Files Lawsuit to Recover Unpaid Loan to Tumbleweed Tiny House Company

March 19, 2021

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- FreedomRoads Holding Company, LLC (“FreedomRoads”), an indirect subsidiary of Camping World Holdings, Inc. filed a lawsuit against Steve Weissmann (“Weissmann”), President of Tumbleweed Tiny House Company (“Tumbleweed”), a recreational vehicle manufacturer, to collect money due under the terms of a consolidated secured promissory note (the “Note”), which Defendant personally guaranteed.

FreedomRoads lent Tumbleweed over $2.5 million over the course of ten loans in 2017 and 2018 to help fund Tumbleweed’s growth. Tumbleweed defaulted on the Note when it stopped making payments in January 2020 and all sums became immediately due and payable when Tumbleweed filed a bankruptcy petition in March 2020.

FreedomRoads filed the lawsuit against Weissmann for breach of contractual obligations. The lawsuit seeks damages in the amount of unpaid principal and interest, attorneys’ fees, and costs. At the time the complaint was filed, the total amount due was over $3 million.

About Camping World Holdings, Inc.

Camping World Holdings, Inc. (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly-trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle.

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Media Outlets:
Karen Porter

Source: Camping World Holdings, Inc.