Biggest woe for condos: financing

Smith, Hubble
July 2008
Las Vegas Business Press (10712186);7/14/2008, Vol. 25 Issue 28, pP9
The article focuses on problems facing condominium construction projects in the U.S. According to Eileen Bechtol, senior vice president at Chicago Title of Nevada, the primary reason many condo projects are on hold or were canceled is the inability to secure development financing. The residential project Vantage Lofts had ground to a halt and some $17 million in liens were filed by subcontractors.


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