Resort Equities announces financing available on shared ownership interests

In a sign that the credit markets are thawing, Resort Equities announced today that bank financing is now available on most of its shared ownership interests. Resort Equities is a developer/operator of standalone luxury fractional homes; we refer to it as a  fractional residence collection.

Following are the residences in which financing is currently offered as well as specific loan details:

NORTHSTAR, LAKE TAHOE: Catamount Lodge (8214, 8314, 8414)

Three-bedroom, three and one-half bathroom, end cap Village at Northstar residences. Each features a 380 square foot, furnished, wrap around terrace overlooking the gondola, ski hill and village excitement. Residences include professional grade appliances, granite slab countertops, natural stone fireplaces and more.

Up to 75% loan to value on a 30-year bank mortgage.

1/8th interests start at $299,000

NORTHSTAR, LAKE TAHOE: Silver Fox

Grand, 5,800 square foot, four-bedroom, four and one-half bathroom estate in Big Springs. This home has dual master suites, a gourmet Thermador™ kitchen, office and home gymnasium as well as a formal dining room, game room with home theater and pool table. The expansive deck showcases breathtaking views of the surrounding mountains.

Up to 70% loan to value on a 30-year bank mortgage.

1/8th interest available for $550,000 (President’s Week)

NORTHSTAR, LAKE TAHOE: Iron Horse Penthouse

Two-bedroom, two bathroom, 1,205 square foot penthouse offering views of ski mountain and the new Highlands Express gondola. Highlights include custom, alder-encased, vaulted ceilings, hardwood flooring, and an office niche. Professionally outfitted.

Seller financing structure: Only $25,000 down with balance not due for three years. Buyers make monthly payments based on a 5% interest rate on the balance of the purchase price plus regular owner dues.

1/8th interests start at $150,000

MAUI: Crestview Estate

Spectacular residence located in prestigious, gated Pineapple Hill Estates, Kapalua. Offering 4,000+ square feet, four bedrooms, an infinity pool and sprawling lanai. Enjoy a tropical breeze and breathtaking vistas of the ocean, Bay Golf Course and Molokai.

Up to 70% loan to value on a 30-year bank mortgage.

1/6th interests available for $695,000