CrowdfundBeat News On 06/12/14, Property Crowdz is pleased to announce the world’s first property crowdfunding campaign crowdfunding featuring fractional or shared ownership of a vacation property: http://propertycrowdz.com/property/french-chateaux-estate-luxury/ . Up to now property crowdfunding has been used to share ownership in commercial real estate in the USA. Property crowdfunding is also used in the residential ‘buy to let’ market in the UK. Now Property Crowdz has developed a crowdfunding platform for vacation properties using the shared or fractional ownership model.
Fractional ownership has existed for years in luxury, managed vacation apartments, villas, hotel suites, yachts and planes. A management company is in place to take care of service and maintenance leaving the sharing owner peace of mind and a hassle free holiday. This is not timeshare as real ownership is given to the buyer in the form of a property deed or equity share. The structure differs from country to country but the net effect is the same. The property purchased is yours to own, sell or pass on in the future.
Fractional ownership is more widespread and more reasonably priced than ever before. Many villa owners are tired of paying all the maintenance costs while using the property for a fraction of the time. Now they can choose to buy only what they need. In fact, many have found that they can move upmarket as the money saved buys a fraction in a more luxurious villa than they owned. Many fractions come with options to swop weeks worldwide.
Check out the limited time offer for fractional ownership weeks for the Studio Suites, One Bedroom and Two Bedroom Apartments on the incredibly luxurious grounds of the French Chateaux in the ‘Valley of a Thousand Lakes’. The Chateaux has a Michelin starred restaurant, wine bar and hotel suites. The facilities include an 18 hole golf course, a world class spa and more.
Buy before the end of June, 2014, in order to qualify for a unique offer: A 15 year 10% net rental guarantee paid quarterly in arrears from the date of completion, fully furnished with no buying costs with a Buy Back Option of 125% (5-15 years), or 150% (15 years). The units for sale are in the French Village and will be completed in just over 1 year. During the build period, the investor receives a Cash Back of 5% p.a. paid monthly in arrears.