Because of Las Vegas’ strong local economy and international tourism appeal, we are very bullish on the Las Vegas high rise real estate market. We are seeing savvy international investors purchasing condos and locking them in at today’s low 30 year fixed interest rates while many US buyers fail to see the opportunities that are currently at hand
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Las Vegas, NV (PRWEB) August 28, 2007
Luxury Mortgage Group, a direct lender based in Las Vegas, Nevada has co-launched an innovative service for buyers of Las Vegas luxury high rise condos. The new service is called the VIP Hot Deal Buyer Program. The program provides motivated sellers with an outlet to quickly dispose of their real estate and gives buyers of Las Vegas high rise condominiums new opportunities to purchase exceptionally priced real estate under the currently challenging market conditions.
To create the VIP Hot Deal Buyer Program, Luxury Mortgage Group’s President Jason Fox, has teamed up with Luxury Realty Group’s, Broker/Owners, Bruce Hiatt and Simon Chen. Both companies, while independently owned and operated, exclusively provide high end luxury real estate services and are well poised to work together for the betterment of client’s interests.
Motivated sellers greatly benefit from the VIP Hot Deal Buyer Program by being able to quickly liquidate real estate due to looming foreclosure, being unable to close on a new high rise purchase, or other challenging market conditions that affect them. For developers of luxury condos with excess new inventory, it offers them a direct outlet to reduce their inventory. For buyers, it offers discounted Las Vegas luxury high rise condo opportunities in prime Las Vegas core strip locations.
Only a select number of buyers will be admitted into the VIP Hot Deal Buyer Program. All buyers will first need to be pre-qualified by Luxury Mortgage Group and certain restrictions apply. Once approved, those selected for entry into the VIP Hot Deal Buyers Program will have access to the hot deals from Luxury Mortgage Group and Luxury Realty Group including both companies’ exclusive and private high rise condo deals.
“This is an amazing opportunity for developers, sellers and especially buyers of luxury high rise condos,” says Aaron Ainehsazan, Vice President of Luxury Mortgage Group. “The VIP Hot Deal Buyer Program makes a wonderful addition to our exemplary commitment to the finest level of super jumbo mortgage services that our clientele has come to expect. We co-created this special VIP program because of the many calls we receive from sellers and developers motivated to sell their luxury condos below market price as well as our established clientele seeking great luxury deals. By teaming up with the #1 luxury high rise real estate brokerage in Las Vegas, we have opened up an unprecedented number of additional opportunities for our clients. As the only Las Vegas mortgage direct lender to specifically focus on the financing of high rise condos, condo-tels and luxury homes, we are proud to be a part of this offering,” Ainehsazan said.
“As new multi-billion dollar projects come to fruition in the core strip area and lending guidelines continue to tighten, many buyers that are sitting on the fence will regret not purchasing now. Many people do not realize that even with an 850 FICO score that certain mortgage programs are no longer available. The current mortgage programs such as high loan-to-value loans and stated income / stated asset programs we have available today will be unattainable in the very near future. Additionally, land prices have gone from $4 Million to over $34 Million an acre and the actual construction costs to build high rise buildings is outpacing their current price per square foot. As inflation continues to rise, today’s market price will be unavailable,” says Jason Fox, President of Luxury Mortgage Group. “Because of Las Vegas’ strong local economy and international tourism appeal, we are very bullish on the Las Vegas high rise real estate market. We are seeing savvy international investors purchasing condos and locking them in at today’s low 30 year fixed interest rates while many US buyers fail to see the opportunities that are currently at hand,” Fox said.
Luxury Mortgage Group, Founded by Luxury Financier, Jason Fox, is the only direct lender with a core niche focus of financing high rise condos, condo hotels and the most noble of luxury homes in the nation. Recognized by national press, media and peers alike as the leader in luxury finance, Luxury Mortgage Group continues to serve as the most exclusive financier in the world. While others diversify, Luxury Mortgage Group remains committed to what’s best.
Jason Fox / President
Luxury Mortgage Group, LLC.