Another Successful Closing – Rainbow Canyon

Rainbow Canyon – Phase I

Henderson, Nevada


Average Yield: 5.18%

Maximum Term: 30 years

Value-to-Lien Ratio: 7.49 to 1

Average Assessment Per Unit: $12,745

Underwriter: Stifel Nicolaus

Purpose: To reimburse the developer for costs of regional roadway, water and sewer improvements related to the development of Phase I of Rainbow Canyon located on the North Shore of Lake Las Vegas.