December 2009

There are 1 blog entries for December 2009.

CityCenter to offer Financing for New Condominium Units

Wednesday, December 9th, 2009 at 3:52pm. 2125 Views, 0 Comments.

Financing Uncertainties for CityCenter clearing up

Difficulties of obtaining financing for other Las Vegas High Rise Condominiums creates opportunity for developers of City Center Las Vegas to sell more units.

city_center_las_vegas_construction_10.2009_589LAS VEGAS (AP) — Developers of the $8.5 billion CityCenter casino complex say they will offer seller financing to buyers of condominium and condo-hotel units at the development on the Las Vegas Strip.

CityCenter says lending firm Private National Mortgage Acceptance Company LLC, also known as PennyMac, will administer the financing program and also could lend to buyers.

The program comes after CityCenter owners MGM Mirage and Dubai World said they would reduce prices by 30 percent on the 2,440 units to help buyers close.

The units are spread across four…