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StumbleLas Vegas bank says condo developer defaulted on big loan
Tuesday, Aug. 14, 2001 | 10:24 a.m.
Wells Fargo Bank Nevada sued to appoint a receiver for Craig Road Villas Inc., alleging it defaulted on a $24.2 million loan.
The bank sued Craig Road Villas, owner of a rental condominium development at 6150 W. Palmyra Avenue, in Clark County District Court, to protect the property's monthly rents, which it said are "in danger of being lost and that substantial waste is being committed" on the property.
The defendant could not be reached for comment.
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