Financing a Co-Owned Vacation Home
CoHaven groups buy all-cash. Here's why that matters.
There's no CoHaven financing program, and no mortgage on any CoHaven property. Here's what that means for you, and what to know if you're considering financing your own contribution.
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Why all-cash.
Every CoHaven property is purchased all-cash by the LLC — no mortgage, no lender, no financing contingency. This isn't a preference; it's a structural decision with real advantages for the group.
All-cash offers are stronger in competitive markets, close faster, and avoid the complexity of a multi-borrower mortgage across eight separate co-owners with different credit profiles and financial situations. It also means no group member is exposed to another owner's individual financing risk — every owner's contribution is simply their share of the purchase price, paid in full at closing.
What this means for you.
Your contribution to the LLC at closing needs to be liquid cash — not financed through the LLC or through CoHaven. For an $800,000 property with eight owners, that's roughly $100,000, paid in full.
> See the full cost breakdown for what that number looks like across different property sizes and group configurations.
If you're considering financing your own contribution.
Some prospective co-owners look at personal financing options — a home equity line, a personal loan, or another source outside the CoHaven transaction — to fund their share contribution. That's entirely a personal financial decision between you and your own lender or financial advisor. CoHaven does not arrange, recommend, or facilitate financing of any kind, and your financing arrangement (if any) exists entirely outside the LLC and the group transaction.
If you're weighing this option, it's worth discussing with your own financial advisor before your Owner Planning Session, so you have clarity on your available capital going into that conversation.
Questions about how the all-cash structure works?
A Discovery Session is a good place to ask. No agenda on our side.
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