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TIMESHARE
/ FRACTIONAL VACATION OWNERSHIP |
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U.S.A.
and International Financing of Timeshare Resorts |
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Loans
for Acquisition, Development and End Loan Financing for
Middle
and
Top-Tier Timeshare Domestic and International
Timeshare
Resort Developers. |
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Acquisition
and Development Financing: |
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Competitive
advance rates against appraised/cost value of the land
on which the project will be built. |
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Construction
Financing: |
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Provides
the costs necessary to build a vacation ownership project.
Requires first mortgage position on the property and financial
guarantees from the developer and primary investors. |
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Inventory
Financing: |
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Competitive
advance rate against the retail value of the inventory.
Requires first mortgage position on the financed inventory.
Repayment is structured on a release price basis and paid
as inventory is sold. |
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End
Loan Financing: |
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Competitive
advance rates are offered against the principal balance
of the notes receivable generated from the sale of resort
intervals through either a hypothecation or a notes receivable
purchase facility. |
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Requires an assignment of the notes receivable
and an assignment of property that underlies the Notes
receivable. |
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