Cielo Falls on the Blue Ridge Parkway announces new Buyer Financing Programs

(BOONE, NC, July 16, 2009)—Cielo Falls, a gated community featuring luxury log and timber-frame homes on the Blue Ridge Parkway, has created two new and very unique financing opportunities to make buying a vacation or second home at Cielo Falls easier and more cost effective than before their introduction.

Cielo Falls' developer is introducing two new financing opportunities. "We are committed to giving our buyers the best opportunity to own at Cielo Falls and enjoy living on the Blue Ridge Parkway" says developer Mark Yates. "People are very interested in owning in the North Carolina mountains even despite the current conditions. By creating these new and very unique programs they can actually benefit from this economy and begin their dream home while they enjoy no payments for up to two years."

Two programs unique to Cielo Falls make it much easier for families to buy their homesite now and plan for their future mountain retreat home while construction prices are sitting at historic lows. Here are the highlights of the programs:

Beginning July 7, 2009, buyers can take advantage of the "Direct Cielo Falls Developer Financing Program", quickly and simply. Buyers can obtain three-year interest-only financing on up to 65 percent of the purchase price for the homesite of their choice at 3.5 percent APR. There are no fees and very easy qualification requirements. "We hope to help our customers jump-in-on the opportunity this market offers."

The second program designed by Cielo Falls is structured for buyers interested in starting construction of their home within 24 months of purchasing their home-site. Under this unique program, those who buy a home-site and start building within 24 months, the interest payments on your financed balance will be made, for you; that means there's no payment for two years.

"We want to help make this as simple and logical a process as we can for our buyers", says Bill Shea, Cielo Falls Marketing Director. "With all the challenges in today's economic environment you can rest assured that this hurdle is taken down for you. We also feel like this will provide the luxury of time for our customers to select the perfect home for their home-sites without the pressure of monthly payments. This allows them to take advantage of the circumstances that have already made this a once-in-a-lifetime buyer's market".