For

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

ownership, fractional financing takes two forms: traditional

timeshare A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owne ...

ownership and larger share fractional ownership. Fractional mortgages for shares of 1/26 ownership or 2 weeks or fewer are considered timeshare financing, and is often provided initially by the project developers. Larger shares of ownership is generally considered fractional ownership and is typically in shares of 1/2, 1/4, 1/6, 1/8, 1/10, 1/12, 1/20. Fractional financing is more difficult for most lenders since there is a small market for these loans, and no established secondary market for vacation finance mortgages of these types. Several companies make loans for fractional homes, yachts, planes and other properties.

References

Mortgage {{finance-stub