Vantage Lofts Las Vegas Condos Filed Bankruptcy With $72 Million Debt
Wednesday, June 25th, 2008Vantage Lofts Las Vegas condos filed for bankruptcy with $72 million in debt. The Henderson real estate development company, Slade Development, last week asked for court protection due to the credit market crunch.
This move could have been seen since the sales office closed four months ago because subcontractors filed mechanics liens totaling $17 million for their unpaid construction work. Assets are listed at $45 million.