Community Bancorp of Las Vegas amends regulatory filing
Community Bancorp of Las Vegas on Monday reported that its Nevada bank amended a regulatory filing to increase a provision for loan losses by $17.4 million at the end of last year, resulting in a $151.9 million loss for 2008.
LAS VEGAS-Hard-money lenders want to capitalize on distress in commercial real estate and the foreclosures that may hit that market, according to the Las Vegas Sun. Investors, hard-money lenders and mortgage brokers at a conference last week at the Monte Carlo to discuss the industry and opportunities they are expecting in 2010.