Palms Place buyers offered financing

Stutz, Howard
June 2009
Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP12
The article focuses on the seller-backed financing being offered by the Palms in an effort to jump-start sales in the nonexistent high-rise condominium market. This financing is available to some 150 potential purchasers in the 599-unit Palms Place development in Las Vegas, Nevada. According to Palms president George Maloof, the offer is targeted at buyers who have already made at least a 20 percent down payment on their units, but were unsuccessful in getting financing through traditional avenues.


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