Northlight Capital Partners Originates $56MM Loan for Steamboat Springs, Colorado Development Land
This article originally appeared in Business Wire on January 28, 2025.
Northlight Capital Partners, a middle-market real estate credit specialist and fund manager, has originated a $56 million loan to fund the acquisition, horizontal development and infrastructure of 134 acres of residential and commercial land in Steamboat Springs, Colorado. The loan is being provided to an experienced land developer with extensive experience in resort land development. Located within the town limits of Steamboat Springs and contiguous to the private Steamboat Springs Airport (Bob Adams Field), the property lies near the center of town as well as the Steamboat ski resorts.
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2019
Acquired a $7.7 million portfolio of mixed performing loans from a national bank in the Unites States.
2018
Acquired two non-performing loan portfolios totaling $135 million from the same PPIP participant.
2017
Acquired a $325 million non-performing loan portfolio from PPIP participant.