Thursday, April 17, 2014 - Article by: John Paul Mulchay - Guaranteed Rate -
High Rise financing is available for most if not all of the popular projects in Las Vegas. Trump, Turnberry, Palms Place, and City Center are seeing the most activity. One Queensridge Place in Summerlin is also an attractive, high end option which can be financed. Studios are not permitted and units must have a full kitchen. Generally, 500 square feet is the requirement for size. Litigation can be an issue for these types of projects but as long as it is not related to structural deficiencies we shouldn't have any problems. Primary residence, second home, and investment are all allowable, as are Condotels. It is important to note that pricing is very attractive for these programs with rates starting in the mid 3's, depending on the program and the specific scenario. Please contact me for details regarding credit scores, loan to value, terms, etc.
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