For me, the rationale to fractionalize made sense because although my ownership will be less, so too will be my expenses.
Cabrera, Dominican Republic (PRWEB) July 12, 2009
Villa Castellamonte, one of the Dominican Republic's most exclusive 5 star ultra-luxury private villas, announced today the unveiling of its recently established Fractional Owners Program. The Fractional Owners Program allows accredited investors to purchase 1/10th "units" in this highly regarded vacation villa. Fractional owners are then able to enjoy five weeks use of the fully staffed villa and rotate those weeks annually. Management of the villa will remain with North Coast Management, S.A.
"Fractional ownership programs are found throughout the world, allowing investors to own and enjoy a property of a much higher value than they could typically afford individually," commented Jason Matthews, the current sole owner of Villa Castellamonte. He continued, "For me, the rationale to fractionalize made sense because although my ownership will be less, so too will be my expenses." Mr. Matthews is retaining 2 units (20% ownership) in Villa Castellamonte for his own personal use and enjoyment.
A key element of the new fractional ownership program is the availability of financing. Citing the economic rocky road, Mr. Matthews is offering to personally finance accredited investors seeking to purchase one or more units through the program. Further, realtors and brokers are also compensated under the program.
Villa Castellamonte has been seen on MSNBC's On the Money, cited as a "Top Ten" villa by Caribbeanway/AskMen and noted as a "Fodor's Choice" destination in their 2009 travel guide as well as consistently receives excellent guest reviews on Flipkey.com (TripAdvisor for vacation rentals).
About Villa Castellamonte
Villa Castellamonte is a private, 15,000 sq. ft., 8-bedroom / 10-bath, fully staffed luxury villa vacation destination located in on the north coast near the town of Cabrera, Dominican Republic. Villa Castellamonte may be contacted at 866-VILLA10 (Int'l +1-610-429-9616) or found online at http://www.villacastellamonte.com and most luxury villa rental listing sites worldwide. The villa is exclusively managed by North Coast Management, found online at http://www.northcoastmanagement.com.