Enchantingly Beautiful 2 Bedroom Home For Sale in Worthington Place Condos Uinit 101-148 201-248All Dressed Up 779 sqft Home For Sale in Worthington Place Condos Uinit 101-148 201-248779 sqft Your endless search is about to end with this Arizona home for sale!Click Here For Photos and DetailsASU Condos Homes For Sale, ASU Student Real Estate For Up To Date Info Contact The Valley Solutions Team 480-766-1258 Should You Short Sale Or Foreclose? Is A Loan Modification Going To Work For You? Can I Get HARP 2.0? Get This Free E Book And Get Answers. Click For Your Free Copy And Call Today For Help Now! If You Have Questions And Need Answers Now, Call 1-800-House Info!! Speak With Live Agents In The Zipcode You Are Searching! 09/29/2012

The following article appeared in the Arizona Republic yesterday. Click here to read the full article Quick synopsis:  Mortgages Limited, the lender for Centerpoint Condominiums, is attempting to force the developer into Chapter 7.  Currently, the developer is in Chapter 11 whereby they hope to “reorganize” and obtain an additional 45 million dollars from a new lender and finish the first tower.  By convincing a judge to move the developer from Chapter 11 to Chapter 7, Mortgages Limited will force the sale of the assets in order to pay back the creditors.  Hearings are scheduled for Wednesday and February 26, 2009. Click Here For More Information on Centerpoint Condos in Downtown Tempe 02/13/2009

Welcome to part II of my series on Luxury Urban Condo Living in Phoenix, AZ . Earlier we spoke about the amazing development of the towns around Phoenix. In Particular the development of downtown Scottsdale also know as Old Town Scottsdale as an urban center with a new contemporary lifestyle. I want to take one step away from Scottsdale to Tempe, Arizona. Tempe is the home of Arizona State University (ASU) and the Arizona State Sun Devils. Tempe is a fast growing and thriving city center that is much more than a college town. Tempe offers access to  Grady Gammage Theater, Tempe Beach Park, hundreds of restaurants, boutiques, shops, bars and night-life,  Tempe ASU Karsten Golf Course, Tempe Market Place, ASU Sun Devil Stadium, Tempe Town Lake and the many events and activities available ... 12/15/2008

Urban Realty received the following letter from the owners/developers of the Centerpoint Condominiums development today.  We thought it was worth sharing:“We are excited to notify you that Centerpoint’s 22-story residential tower may open as early as this Spring with the retail plaza level following this Summer!  We value our relationship with you, so we wanted to be sure to keep you informed of our significant milestones.  We are writing to update you on a new strategic direction that we have selected to take in order to move forward more expeditiously to open Centerpoint Condominiums. As the tallest towers in Tempe’s Mill Avenue District, Centerpoint Condominiums changes the City’s skyline and augments Mill Avenue’s status as the most vibrant and vital urban main street in the Valley.... 12/05/2008

Centerpoint Condominiums is looking to receive the second and final installment of $2M of the $4.8M it was agreed to be paid in a hearing before the Mortgages Limited bankruptcy judge in December.  The developer is also hopeful that a deal will finally be done allowing for a new lender to take a “first lien” position and provide Centerpoint with the estimated $70M still needed to complete the high profile project.  If this happens, the developer believes that construction could begin again in January 2009 and buyers would be able to begin moving in as early as April 2009.For More:Arizona Republic ArticleEast Valley Tribune Article 11/21/2008

As the scorching summer comes to end, the Centerpoint High Rise Condos are still unoccupied.  That might change in the coming weeks if this new deal is approved by U.S. Bankruptcy Judge Randolph Haines. While Mortgages Limited Securities (MLS) is hanging on by a thread, they have come to an agreement, or so it seems.  This is the newest of many claimed to be "done deals", but only the next day in court will tell.  The first deal included an outside investor, Stratera Portfolio Advisors that would funnel an immediate $4.8 million through MLS to Avenue Communities, developer of Centerpoint Condominiums.  Apparently this deal wasn't good enough for MLS, who then sought another hard-money investor, Mountain Funding, LLC.  They came in and somewhat complicated things when they demanded super... 09/30/2008

We learned today from the most recent Bankruptcy Court case regarding Mortgages Limited Securities (MLS), that the private lender has slightly switched gears in terms of their new lender for Centerpoint.  As of Friday, MLS announced a company called Stratera Portfolio Advisors will lend an immediate $4.9 million to help finish some highly time-sensitive issues with the Centerpoint towers.  Today, MLS announced they have found a new hard-money lender, Mountain Funding, LLC.  The primary reason for this move is because Mountain Funding is giving MLS better terms, including a lower interest rate. With this new and potential better move for MLS, the Bankruptcy Judge postponed the hearing until Wednesday morning.  Stay Tuned... 09/08/2008