Vacation Finance is First to offer Unique Condo Hotel Lending Program

Vacation Finance, will be the first US mortgage provider/brand to focus on the condo hotel and baby boomer second home trend.

(PRWEB) September 1, 2005 -- Vacation Finance www.vacation-finance.com, a newly formed division of Americor Financial, is the creation of Condo Hotel financing innovator Bob Waun and Accelerated Assets partner Tom Balames. "The baby boom demographic is just waking up to the opportunities condo hotel provides for second home ownership" said Waun, "we believe that consumers will be able to afford more than one condo hotel in diverse geographic locations, owning slope and shore condo units for less than one traditional condo."

"Condo hotel is a trend we have been financing, and we are excited to join Bob Waun's venture into the retail mortgage arena. Without good consumer end loans, this new industry won't get off the ground" said Thomas Balames, managing director of Accelerated Assets, www.acceleratedassets.com

With thousands of condo hotel units being presently converted, major lenders have not adapted lending guidelines to allow for this new form of property ownership. There is presently no secondary market for condo hotel loans. Vacation Finance will make a market in this and other evolving forms of vacation home ownership financing.

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