Recreational Real Estate

Recreational property can be a rewarding asset in your portfolio, as well as a source of long-term enjoyment. That's why you may want your financial strategy to reflect your strategic vision for the purchase, preservation and enhancement of your family's land. At Bank of America, 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 credit needs for this significant facet of your legacy.

Whether you are purchasing a new property or leveraging an existing property’s equity, you can benefit from our competitive rates and timely response time. We finance many types of recreational properties, including

• Ranches
• Fishing retreats
• Equestrian facilities
• Vineyards
• Farms

Flexible, Efficient, Customized Financing 

As a client of Bank of America, you will enjoy the benefits of financing tailored to your particular real estate investment goals. Our experience has been that 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 offer both consumer and commercial lending channels and can focus on your transactions, as well as 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’s underwriting sophistication and capabilities allow us to create financing based on your unique needs, with the combined experience across a wide range of credit products. 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.
  
• Bank of America offers credit professionals located throughout the country who are dedicated to helping meet the specialized credit needs of Merrill 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 Bank of America brings 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. With Bank of America’s capital base, there is 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.