Beginning in June 2009, the developer of The Residence Club at El Corazon de Santa Fe is making ownership easier by providing seller financing.

After years of careful planning, Tranquilo is breaking ground following the initial release that took place, May 12, 2009, where 25% of the initial tower sold out accelerating current construction efforts. “It is fantastic to be in a position where we are able to allow people who have been dreaming about living within the gates of Punta Leona, to finally have that dream become a reality,” said Rick Valentine, President of Latitude Destination Properties.  The first of its kind in Punta Leona, Tranquilo stretches over 15 acres, within the 750 acres of the private community of Punta Leona.

Fractionals are not a cookie-cutter product. Of all resort real estate products they are the most complicated as they are 100% use by the buyer. There is no investment [sure, a little in that "I want to make a buck, when I sell"] angle to it as there are in lots, whole homes, villas or condos or condo-hotels.

1. State of the art web based programs
2. Public relations/Strategic branding alliances
3. International marketing
4. Local broker programs
5. Some marketing and sales strategies

For developers confronting the incredibly tight credit market that currently prevails, coupled with decreased discretionary spending by the overwhelming majority of consumers, converting ¹ a whole ownership property, whether a detached single family home, townhome, hotel suite, or condominium unit, to fractional ownership might provide an effective exit strategy through the creation of a product that is far more affordable than whole ownership. This article briefly explores some of the critical legal and practical considerations that typically confront developers and property owners considering the fractional option as a means of maximizing the net present value of their investment returns.