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Old 11-04-2005, 12:46 PM
elva
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Lightbulb Unique condominium lending program at condo hotel projects

RISMEDIA, — Vacation Finance (www.vacation-finance.com is the first national mortgage lender to capitalize on the condo hotel mortgage market niche. By initiating unique condominium lending program at condo hotel projects.

“We believe that Condo Hotel and resort/fractional/timeshare second homes options will be a wave of the future, embraced by retiring baby boomers as the retirement residence of choice. These options are the most flexible and financially efficient ways to enjoy vacation/retirement ownership, and has all the benefits of a traditional second home, with less expense and hassles,” said Bob Waun, CEO to the group of development experts.

Condo Hotels are one part full-service hotel/resort, and one part traditional luxury condominium. Condo Hotel owners enjoy full residential ownership rights and rental income without the effort of rental management.

Vacation Finance executives have published an extensive research paper on the subject “Condo Hotel: 2nd Home Choice of The Baby Boom Generation.” The company has also signed co-branding agreements with two major Condo Hotel Developers to provide unique lending services.

Read more:
http://rismedia.com/index.php/artic...view/12395/1/1/
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