Hypo Real Estate Capital Corp.

The $121.3 million loan for construction on the condo, Sky Las Vegas has been paid off by Hypo Real Estate Capital Corp. Hypo specializes in real estate and had been looking for an opportunity to close out on the construction loan.

There were four institutions along with Hypo that backed the condo that will include a 44 story building with over 400 residential-over-retail units.

Spokesman for Hypo, Brian Hedgeman was quoted as saying that the deal was put off due to negotiations over details. Once the details on the property were worked out the deal was closed without delay.