Vacation Property in N. Michigan Gets New Financing Source

Baby Boomers are racing to buy the best in vacation and retirement real estate, but lenders lag in offering financing.

(PRWEB) November 30, 2005 -- 74% of people wish to retire near the shore. 22% want to be in mountains. Many want both. But how can you afford multiple homes?

"The answer is creative second home options: fractionals, condo hotels, private residence clubs" said J.H. Heck, of Vacation Finance's newest division in N. Michigan "luxury fractional condo projects like Le Bear on Lake Michigan offer a level of service and quality that is affordable using our unique financing."

Vacation Finance has deep roots in Northern Michigan resort markets like Charlevoix, Glen Arbor, Traverse City, Bay Harbor and Harbor Springs, and with the addition of top professionals like J.H. Heck, can serve this unique market properly.

"With our market knowledge and our access to capital lending sources we have created loan options designed with the vacation and second home buyer in mind" said Bob Waun, CEO www.vacation-finance.com "we are excited to have J.H. on our lending team, few loan specialists understand this market as well as he does."

Vacation Finance is sponsoring The IMN Condo Hotel Conference in Las Vegas December 6-7, attends include nearly 500 of America's top resort developers. In the last 90 days Vacation Finance has funded more true condo hotel loans than any lender in the USA and is poised to be America's First-Second Home Lender.

# # #