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| Jun 7th, 2010 |
Panorama Tower North helps buyers seize opportunity to buy in Las Vegas
For Immediate Release:
LAS VEGAS – At a time when it now makes financial sense to own rather than rent one of its high-rise condominiums overlooking the Las Vegas Strip, Panorama Tower North announced a financing program for its buyers.
Marc Ehrlich, president of Panorama North Marketing, LLC, said the company’s biggest challenge since completion of the luxury high-rise tower has been finding suitable financing for buyers eager to capitalize on bargain prices for high-end homes in Las Vegas.
In response, he said Panorama Tower North buyers can now choose from three different loan products: a 30-year fixed rate, a 15-year fixed rate, and a five-year adjustable rate mortgage.
Financing is provided by CalCon Mutual Mortgage Corporation, which has loan programs for primary residences, second homes, foreign buyers and real estate investors. As of today, Ehrlich said CalCon is offering rates for primary and secondary homeowners starting at less than 5.1 percent.
He said CalCon created its financing program to help more buyers take advantage of what Ehrlich – a certified public accountant by trade with years of experience developing and managing high-end real estate projects – called “a historic buying opportunity.”
“For the first time in the history of high-rises in Las Vegas, it now makes financial sense to own versus rent,” Ehrlich said. “Reduced prices, combined with historically low interest rates, have created ideal conditions for buyers. This is especially attractive for foreign buyers and people who want to buy second homes here.”
CalCon President Joshua Erskine said CalCon lends to projects nationwide.
“This is one of the top residential buildings in Las Vegas and elsewhere, with views and location second to none,” Erskine said. “I think buyers will find that our program and fee structure are very favorable.”
Contact:
George McCabe, B&P
(702) 967-2222
Marc Ehrlich, president of Panorama North Marketing, LLC, said the company’s biggest challenge since completion of the luxury high-rise tower has been finding suitable financing for buyers eager to capitalize on bargain prices for high-end homes in Las Vegas.
In response, he said Panorama Tower North buyers can now choose from three different loan products: a 30-year fixed rate, a 15-year fixed rate, and a five-year adjustable rate mortgage.
Financing is provided by CalCon Mutual Mortgage Corporation, which has loan programs for primary residences, second homes, foreign buyers and real estate investors. As of today, Ehrlich said CalCon is offering rates for primary and secondary homeowners starting at less than 5.1 percent.
He said CalCon created its financing program to help more buyers take advantage of what Ehrlich – a certified public accountant by trade with years of experience developing and managing high-end real estate projects – called “a historic buying opportunity.”
“For the first time in the history of high-rises in Las Vegas, it now makes financial sense to own versus rent,” Ehrlich said. “Reduced prices, combined with historically low interest rates, have created ideal conditions for buyers. This is especially attractive for foreign buyers and people who want to buy second homes here.”
CalCon President Joshua Erskine said CalCon lends to projects nationwide.
“This is one of the top residential buildings in Las Vegas and elsewhere, with views and location second to none,” Erskine said. “I think buyers will find that our program and fee structure are very favorable.”
Contact:
George McCabe, B&P
(702) 967-2222
About the Company:
Panorama North Marketing, LLC is the exclusive sales and marketing agent for Panorama Tower North, a 372-unit luxury high-rise condominium community overlooking the heart of the Las Vegas Strip. Located at 4471 Dean Martin Drive, it is within walking distance of the Strip. Prices range from less than $266,000 to nearly $8 million for a full-floor penthouse. Visit www.PanoramaTowerNorth.com.
CalCon Mutual Mortgage Corporation has become a leader in residential, commercial and resort financing by building relationships within the development and real estate communities. For more information, visit www.CalConMutual.com.
CalCon Mutual Mortgage Corporation has become a leader in residential, commercial and resort financing by building relationships within the development and real estate communities. For more information, visit www.CalConMutual.com.
B&P
(702) 967-2222
(702) 967-2222