Recreational real estate
Financing a very personal investment
Recreational property can be a source of long-term enjoyment and rewarding asset in your portfolio. Your financial strategy should align to your strategic vision for the purchase, preservation and enhancement of your family's land. At Bank of America Private Bank, we recognize that each of our clients has unique objectives. Whether you're looking to diversify your portfolio, use the land for recreation, or provide for future generations, let us help you with your credit needs to secure your family’s legacy.
Whether you are purchasing a new property or leveraging an existing property's equity, you can benefit from our competitive rates customized loan structures and prompt response time. We finance many types of recreational properties, including
- Ranches
- Fishing retreats
- Equestrian facilities
- Vineyards
- Farms
We recognize that an investment in recreational real estate has personal and financial dimensions. Your advisor can work with you to help tailor a financing solution that addresses both sets of goals.
Flexible, efficient, customized financing
As a client of Bank of America Private Bank, you will enjoy the benefits of financing tailored to your particular real estate investment goals. Our rates are competitive with those of other providers, and we are committed to guiding you through the closing process and on to the enjoyment of your property as quickly as possible. We can provide additional benefits that may include:
- Payment schedules to match your current cash flow or an expected liquidity event
- Flexible collateral options
A powerful combination of experience and resources
Bank of America Private Bank combines personal client experience with the credit sophistication of Bank of America. The result is a uniquely customized credit solution aligned with your personal objectives.
- Providing credit to our clients is a core capability, not an accommodation.
- We have credit professionals located throughout the country who are dedicated to helping meet the specialized credit needs of Bank of America Private Bank clients.
Considerations and risks
- Customized lending solutions involve special risks and may not be appropriate for all clients.
- Customized lending solutions may be subject to additional credit and legal approval.
- Clients should consult with their independent attorney, tax advisor and investment manager before implementing any financial, tax or estate planning strategy.
- Clients should also consider their portfolio diversification requirements, time horizon, risk tolerance, debt tolerance, tax situation and any cash flow and appreciation objectives they may have.
The resources of a leader
In addition to customized recreational real estate financing, Bank of America can deliver access to a wide spectrum of credit capabilities and a depth of resources, experience and capital strength that few financial institutions can match. The critical dimension we bring to this relationship is a high level of personal service, because you work with knowledgeable credit specialists who seek to ensure that your credit strategy effectively complements the other key components of your wealth management plan. Supported by the capital base of Bank of America, we have the flexibility to fund significant loans while offering competitive terms and interest rates. Because time may be a critical factor as you evaluate different financing options, we provide a prompt and informed response to all credit requests.
For more information contact your advisor.
Nonfinancial assets, such as closely-held businesses, real estate, fine art, oil, gas and mineral properties, and timber, farm and ranch land, are complex in nature and involve risks including total loss of value. Special risk considerations include natural events (for example, earthquakes or fires), complex tax considerations, and lack of liquidity. Nonfinancial assets are not in the best interest of all investors. Clients should always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.
Credit facilities are provided by Bank of America, N.A., Member FDIC, its subsidiaries or other bank subsidiaries of Bank of America Corporation, each an Equal Opportunity Lender
. All loans and collateral are subject to credit approval and may require the filing of financing statements or other lien notices in public records. Asset-based and securities-based financing involves special risks and is not for everyone. When considering an asset-based and/or securities based loan, consideration should be given to individual requirements, asset portfolio composition, and risk tolerance, as well as capital gains, portfolio performance expectations and investment time horizon. For any loan with securities collateral, the securities or other assets in any collateral account may be sold to meet a collateral call as provided in the definitive loan documents and the client is not entitled to choose which securities or other assets will be sold. A complete description of the loan terms will be found in the individual credit facility documentation and agreements. Clients should consult with their own independent tax and legal advisors.
