What a view...

Friday, July 4, 2008

Better Than REO Listed MGM Units!

You can't get this type of financing from the banks! We're selling our MGM Signature Studio with the existing finance in place! That's right, no credit check, no income check, all you need is the down payment! In today's market, you will need at least 30% to 40% as a down payment for a condotel. That's well above our down payment requirement. The cheapest listed bank owned MGM Studio unit is $299,000. If you have to get bank financing with that property, it'll cost you a minimum of $89,700 down payment.







Details:
MGM Signature Studio Unit
520 SqFt
4th Floor
Strip View
Tower 1
Existing loan bal $265,000
5 year int only ARM @ 8.5%

The Real Deal:
Minimum Down Payment: $50,000
Taking highest offer by July 18th 2008