The Pittsburgh-based Falcon Group, developers of the Pinnacle high rise condo project has so far financed their 36-story, 1,100 unit condo project internally. But when you're talking about serious millions, that's when it's necessary to call in the heavy hitters.
As such, they've begun working with Berkshire Capital Financing of New York on a $550 million construction loan for their project located on Tropicana Avenue across from the Orleans Casino on the former site of Falconi Honda. And since they already own the 12-acre parcel that the project will sit on, construction financing shouldn't be too much of a problem either.
Pricing... Good location off the Strip... Perhaps the best looking renderings in town with "Skywalk" units... Resort-like amenities... Excellent financials... The Pinnacle's got a lot going for it.
Go for it!
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