Monday, July 11, 2011

High Rise Condos Las Vegas Financing ??

High Rise Condos Las Vegas Financing seems like it is one of the most desirable pieces of  Las Vegas real estate : perfect location, amazing Strip and city views and hands-free ownership. So that said financing for High Rise Condos in Las Vegas comes up a lot from Las Vegas Condo World clients that want to know if it is available and if so more details about the terms and rates  ??
The answer is YES High Rise Condos  Las Vegas do offer financing and that became available only in the last year, but there are limitations such as hotel-condo projects like Trump Las Vegas, MGM Signature, Palms Place and others since those high rise condo projects are most high risk as far as any bank or lending institution is concerned are showed the most significant drop in value in the down market.
High Rise Condos Las Vegas is the sector of the market that is the first one showing improvement and coming back up as far as the number of foreclosures,short sales and default loans.
I am not trying to say that you can walk into your regular bank , credit union or any other financial institution that you do business with and get a High Rise Condo loan, but it does exist from a list of a preferred lenders, depending on the project, and with relatively competitive rates of 5.5%-5.75% fixed 20 to 25% down given good credit history.Lots of Las Vegas Condo World clients and even investors opt of that vs paying cash, that way you can leverage that even if is just a strait investment, rental rates will pretty much cover if not all but most of it considering monthly HOA fees that come into play and are pretty high ( $0.45-$0.60 sq ft depending on the project and condo sq ft)
International buyers need not to worry, lines of credit are for the most part available to you on High Rise Condos Las Vegas purchases in your home country at great rates and come in as cash into the US with very nice exchange rate nowadays !!
For more information on financing,projects,lender's list ,special pricing and availability please contact me at (702) 884-6428 or email at helenvmichel@aol.com 

Warm regards,
Helen Michel
www.lasvegascondoworld.com
Connect with me:  http://www.facebook.com/Lasvegascondoworld

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