LAS VEGAS-An apartment and condominium complex in Las Vegas hasfiled for the reorganization of Chapter 11 bankruptcy to preventCity National Bank's planned foreclosure sale. The papers filed incourt say that Twain Condominiums LLC owns 192 condo units in the254-unit Twain Estates condo complex located at Twain Avenue andArville Street.
The company obtained $20.37 million loan in 2006 from CityNational Bank, and the loan agreement was improved in March 2009with a balance of $11.4 million. For the full story, go toLas Vegas Sun.
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