Mira Villa condo complex gets Fannie Mae approval

Mira Villa condominiums recently met a major milestone in sales and contracts solidifying the new condominium project as a rare Fannie Mae Condo Project Manager approved project.

The approval, sought and secured by Wells Fargo, means consumer financing on the project is available to buyers through Wells Fargo.

"This is a critical step for us because it makes financing available to buyers in a market where condominium financing is very hard to come by. The fact that Wells Fargo sought and received CPM approval on Mira Villa speaks to the strength of the project," said Tera Anderson, director of sales for Summerlin condominium project.

The CPM approval process evaluates a project on numerous acceptance guidelines including the number of units sold or under contract; percentage of owner-occupied units; and a homeowner association's solvency and stability. Having the approval obtained by Wells Fargo makes the lending process easier for potential buyers, should they choose lending via Wells Fargo.

"Savvy buyers recognize our great location, amenities, quality construction and the overall quality of life that Mira Villa offers," Anderson said. "Most importantly, now more than ever, they are looking for signs of long-term stability. Having the support of a national lending institution like Wells Fargo along with Fannie Mae's CPM project approval is further testament to the positive future of Mira Villa in the long term."

Mira Villa is a new and gated, luxury condominium community located 15 minutes from the Strip in the heart of Summerlin, a 22,500-acre master-planned development renowned for its cultural offerings, championship golf courses, parks and trail system, schools and access to Summerlin Parkway and Interstate 15.

Mira Villa overlooks the TPC Las Vegas and Angel Park golf courses in The Canyons village. It is located near shopping, Summerlin Hospital Medical Center, the Academy of Nevada Ballet Theatre, Red Rock National Conservation Area and casinos.

The community comprises 21 midrise buildings constructed of concrete and steel with emphasis on sound abatement and state-of-the-art fire protection.

For more information, visit www.LiveMiraVilla.com or phone 254-4647.

For more information about lending through Wells Fargo Home Mortgage, contact Joe Lobosco at 791-6221 or via email at joe.lobosco@wellsfargo.com.


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