8255 S. LAS VEGAS BLVD.LAS VEGAS, NV 89123

A 359 unit building with the best amenities package in the city. The initial selling phase stalled during the recession and in 2013 a new investor purchased the unsold units with the intent of stabilizing rents, performing significant capital improvements and eventually selling the apartments as condominiums.

CHALLENGES SOLUTIONS RESULTS• The investor purchase of 295

units resulted in the condo project being designated as a non-warrantable or fractured/broken condo building

• This designation would present problems for any potential homebuyer looking to finance their purchase of a condo

• Single Entity Ownership=82%

• For conventional mortgage programs max allowed is 10%

• Rental concentration=82%

• For conventional mortgage programs max allowed is 49%

• Consultation with Camilo Rodriguez’s team

• We analyzed all the project components, marketing plans and proposed our financing strategy to achieve the best financing options

• Developed a 10% down portfolio program unique to the building and market to facilitate immediate sales for the seller

• Introduced VA government loan programs as part of the financing strategy. They offer low down payment options and are available at lower presale

• Pursuit of conventional financing through Fannie Mae PERS

• Alternative financing options secured to overcome maximum exposure lender limitations

• Over $30 million in gross sales since the grand opening in 2016

• Partnership with the seller and broker allowed us to execute the financing strategy as the Preferred Lender and achieve our goals

• Official VA approval secured and was utilized for 40% of the units that were financed by TFSB

• Conditionally PERS APPROVED with 51% Presale mark

ELITE RESORT LIFESTYLE ON THE SOUTH STRIP OF LAS VEGAS CONVENIENTLY LOCATED NEAR THE NEW RAIDERS STADIUM ONELV