One Steamboat Place reveals their step out of Foreclosure tomorrow
Posted by The Steamboat Group on Tuesday, July 5th, 2011 at 4:31pm.We should hear tomorrow on how One Steamboat Place will exit foreclosure tomorrow after a multi-year re-financing that could stabilize the project going forward. Expect to see new prices, likely a different ownership structure that comes out of the negotiations & manuvering we have been watching for a few months and hopefully a plan that makes enough sense for buyers to step forward. How do you know? Lets see the final announcements, prices and parties that are involved and then give me a call if you want an independent opinion. Both the whole and fractional plans need to make sense because of the way the building and HOA is structured. I will help you think through things and help you get a feel for if things make sense in general and based on your goals.
One Steamboat Place is a very high quality development but this is a complex market right now and we need to see if everything makes sense including what it means for the current HOA and expense structure. I am optimistic that they have figured it out right now but need to see the final details to decide. Just give me a call at 970-879-0879 or email jon@TheSteamboatGroup.com.
Print
ShareBe the first to comment on this blog entry!
Leave a Comment
- Recent Blog Posts
-
Trailhead Lodge Steamboat Auction Results
The auction for Trailhead Lodge at Wildhorse Meadows finished about 30 minutes ago. Overall there was good acti... Read MoreApril Market Update for Steamboat Springs
Its an interesting time right now in Steamboat. The real estate market continues to show signs of recovery and more... Read MoreTop 11 Things to Know about the Steamboat Auction for Wild Horse Meadows Condos
There will be a lot of excitement and questions over the next couple of months surrounding the Auction for Cond... Read More
