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National City Mortgage
National City Mortgage understands the uniqueness of fractional properties and the need to make financing an easy and seamless process. Most lenders do not have outlets for fractional ownership properties due to the nature of the property. The fact that there are multiple deeds on one residence, units may be rented on a nightly or short term basis, and amenities are similar to hotels, deems the property more commercial in nature. This eliminates the traditional mortgage avenues. With investors limited, the financing options are more restrictive in terms, costs, and down payment requirements. This is where the most common mistake happens. In a borrower's search for better terms, they approach their banks, mortgage companies, or mortgage brokers and are led to believe that they can complete the financing at better terms. Unfortunately, in most circumstances, the lender can't finance the project. Last minute scrambles to switch the financing are common.
At National City Mortgage, you have the strength of a top 10 national lender, local relationships with fractional resorts, and experience in closing fractional mortgages. You're excited about purchasing your fractional property. To keep things going smoothly, you've come to the right place.
Products and Programs
National City Mortgage is able to provide fractional mortgages in a variety of terms with both full document and stated income verifications. Please contact Jeff.Teplitz@ncmc.com or call 800-933-6574 ext. 234 for full details.
Lowest down payment requirements
Longest repayment terms
Interest only options available
Rate and Term, or cash out refinancing available
Approved Project Partners
Please select a state, then select an approved project to visit our partner's Web sites. We are aggressively adding projects to the list and if yours is not listed, contact us with the project name and phone number and we'll look to add it.
Developer Approval
If you are a developer looking for an experienced nationwide fractional end loan financing partner, please contact Jeff.Teplitz@ncmc.com or call 800-933-6574 ext. 234 to
discuss existing or future projects.
Independent Properties
Many second home owners have also seen the benefit of sharing the costs of their vacation home. To lean more about how to fractionalize your property, please contact Jeff.Teplitz@ncmc.com or call 800-933-6574 ext. 234.
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