First Fractional Funding

Once you've done your research and found the perfect fractional property, you may wish to investigate your financing options. Fractional Financing is very similar in structure to residential financing, but the legal address of one unit is broken up into fractions. The lien is on individual fractions, so that if one goes into default, it does not affect the others as they all have separate Deeds of Trust.

First Fractional Funding is Carolina Fractional's preferred lender if you are planning to finance your fractional purchase. First Fractional Funding (F3) is committed to the fractional industry and is its premiere lender. They understand the asset type and appreciate the sophisticated nature of the transaction and borrower. They provide attractive products through their network of local mortgage brokers, including but not limited to: 3/1ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM, 3/1 Interest-Only ARM, and 5/1 Interest-Only ARM. The application and funding process is smooth, and an answer is available within 24 hours of underwriting submission.

First Fractional Funding is a division of the National Bank of Kansas City (NBKC), which is headquartered in Overland Park, Kansas. The F3 operation is located in Greenwood Village (a suburb of Denver), CO, where all pre-closing activities take place and underwriting decisions are made. Loans are funded by NBKC and housed in the NBKC servicing department post closing.

The NBKC's holding company is has nearly $900 million in total assets, while the banking operations are nearly $800 million in total assets. The bank has consistently been one of the nation's top performing national banks and is solidly capitalized (total capital exceeding 10%).