Can I get bank financing for these cottages?

Yes. Because you get a deed, obtaining a mortgage is straightforward and banks like the protection that a condominium association provides. Mortgages for Fractional Real Estate are typically handled by local banks because they are not “resold” on the secondary market to places like FANNIE MAE and FREDDIE MAC. Because they are not resold on the secondary market, rates are typically a point or so higher, but it really depends on your financial strength.