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Loan Modification

: Mortgage Lender Implode-o-Meter

Fontainebleau Las Vegas Files for Bankruptcy

By Implode-Explode Heavy Industries

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" The casino-resort developer Fontainebleau Las Vegas said Tuesday it had filed for Chapter 11 bankruptcy protection after failing to get certain lenders to provide about $800 million in construction funding to complete the company?s $2.9 billion property on the Las Vegas Strip, The Associated Press reported."

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2009 (boomark / email).

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