Dos Mundos – Two Worlds- Born out of Need!
Necessity is the mother of invention! A need existed in the wake of the Sub-Prime, Great Recession that ran from 2008-2010, for resort owners, managers and developers to find a way to keep their operations funded, operating and selling. Many credit facilities were withdrawn or reduced by banks and other lenders. Many banks, lenders and note buyers left the market or went our of business. There was no money available anywhere or from any one for sales and marketing operations. There were very few financial institutions left that would factor or pledge timeshare or raw land or fractional or houseboat interval notes. It was like the “Hand of God” had just turned off the flow of money to the timeshare related industries. Without funding, many groups struggled and or died and quit selling. Many vendors left the industry. It was a rough time.
Terry Christopher Bounds, Austin, Texas and the other founders of Dos Mundos, with a combined 100 years in the resort and timeshare industry, said, “WHAT IF”… we could help developers continue to operate and sell without large credit lines or the need to factor their notes. What if we could reduce our marketing and sales costs far below the standard 40-50% of sales and help keep developers selling. What if we could be a one stop shop for marketing, sales and development oversight and only get paid if the project worked.
That’s exactly what Dos Mundos Development, Inc does. For a percentage of sales, including accepting notes as payment, Dos Mundos can keep marketing costs below 30%, allowing projects to go forward without tremendous cash outlays up front. The idea worked and Dos Mundos has enjoyed involvement in many projects by providing promotion, marketing and sales campaigns as a “partner” with developers, while getting paid based on sales volumes.
Chris Bounds5321 Industrial Oaks Blvd
Austin, Texas 78735info@dosmundosdevelopments.com210-585-9192