Pacaso, a leader in modern vacation home co-ownership, has announced the launch of the first purpose-built, 30-year mortgage designed specifically for co-ownership of vacation homes in the U.S. This new financing product aims to address the market gap by providing a standardized, flexible, and transparent way for buyers and existing owners to finance their shares in second homes. The mortgage allows multiple co-borrowers to be listed on a single loan, with interest-only periods of up to five years, simplifying the process and eliminating the need for complex legal arrangements. The product is expected to roll out across the U.S. in Q4 2025, with loans sold to third-party investors. The initiative is backed by a $100 million credit facility from Texas Capital, signaling strong institutional confidence and enabling Pacaso to access the $200 billion non-qualified mortgage securitization market. This move follows a July 2025 consumer survey where one-third of respondents identified financing difficulties as a barrier to buying vacation homes, with 74% of potential co-owners citing flexible financing as a key factor. Pacaso’s innovative approach aims to make second-home ownership more accessible and scalable, supporting the evolving needs of modern property buyers.