Investment Highlights
Telluride
Telluride Mountain Village, CO
In 2005, Canyon Capital Realty Advisors financed the acquisition of 5.2 acres of undeveloped land in Telluride, Colorado with a $27.2 million loan. The property is one of the last sizeable parcels of undeveloped land in the town of Mountain Village, directly adjacent to the Telluride Championship Golf Course.
Canyon's loan provided the developer with sufficient funds to acquire the fee simple interest in the property, to pre-fund reserves for debt service pre-development expenses and to pay closing costs.
The borrower is developing the acquired land into an approximate 75-unit hotel, 5-star condominium hotel with approximately 67 for-sale luxury town homes and/or condominiums. Skiing aficionados will appreciate the ski in/ski out location, as well as its proximity to a gondola system that provides access to ski slopes and the historic town of Telluride.
