Island Fractional Homes announces that TransPacific Mortgage Group will provide fractional development financing for its new luxury fractional offering in Princeville, Kauai, and will also make available fractional ownership financing for its buyers.”In today’s challenging lending environment, finding a responsive mortgage broker who truly understands the Hawaii fractional real estate market is essential,” said Randall Harris, founder of Island Fractional Homes and Harris Fractional Consulting Group. “As a Hawaii-based fractional developer, I am very pleased to be working closely with TransPacific Mortgage Group as a source of financing for both our property acquisition/development and for our fractional buyers.”
See the full post here.
Financing arrangements are always important with fractionals, as this is one of the areas that has held back the growth of the fractional market. Need to watch this space to see how successful this is.
Neil
June 6, 2008 at 12:14 pm
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