Townhome Development - Steamboat Springs, CO

STEAMBOAT SPRINGS, CO – PlattPointe Capital recently arranged a $10.3MM ground-up construction loan for a 7-unit townhome development in Steamboat Springs, CO, a popular resort destination known for world-class skiing. The project sits within walking distance of Steamboat Square, the main base that serves the ski resort. The units average ~2,500 SF each with plans for a 5-unit, three-story north building with rooftop terraces and a 2-unit, two-story south building with rooftop terraces.

PlattPointe secured financing through a private debt fund with attractive terms that promptly met the developer’s requirements and expectations on loan terms.

Financing Highlights
• 10.74% interest rate
• 1.99 points
• Non-recourse
• Cash back offered at closing

With interest rates expected to drop and a windfall of loans set to mature, lenders are gearing up for record-setting production. PlattPointe Capital provides numerous financing options including permanent, bridge, and construction. Many lenders are offering year-end promotions to get deals closed. Please reach out if you have a year-end deadline or need to break ground on your next development by winter.

About PlattPointe
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the capital markets by arranging optimal alternative debt and equity options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and the sponsor’s needs.

More information can be found at www.plattpointe.com.

For any inquiries nationwide, please contact:
Jason Aubrey | 303.598.3876 | jason@plattpointe.com
Creighton Bildstein | 303.589.4258 | creighton@plattpointe.com
Matthew Biegner | 720.470.7706 | matt@plattpointe.com