The Las Vegas Central high rise condo project is making it easier for you than ever to purchase a unit in their development. Though an affiliation with Australian based Deposit Access, you now have the opportunity to use a QBE Deposit Bond as a guarantee which will actually substitute for the 10% cash deposit you are required to pay up-front when purchasing a property. With terms ranging up to 48 months, you can now keep your money working for you right until the closing date.
That's right - there's no need for you to withdraw cash from savings or other investments for your high rise condo initial deposits. And the best part is that in addition to being cheaper than obtaining financing terms, the process of applying for a Deposit Bond is quick and simple. Just download an application from their website and Deposit Access will assess your application based on your current net asset (equity) position and your ability to meet your current financial commitments as well as the new purchase. You can even apply online.
Deposit Access has been issuing property Deposit Bonds since 1998 and costs vary, depending on the amount and the terms of the Deposit Bond. The developers of the Central have been in contact with Deposit Access about making this an official program in their offering, so when that happens, they'll be able to hold your hand through the entire process. Attend a priority preview and inquire about the status of this program.
When news gets out about this program, I'm sure the other high rise projects in town will follow suit. But for now, the Las Vegas Central continues to lead the Las Vegas high rise condo league in innovative programs.
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