JLL Capital Markets led the financing efforts for The Amble, the first condo development to be delivered to the mountain in 15 years
News release
13 August 2024
$72.359M construction financing secured for luxury residences at the base of Steamboat Springs Ski Resort in Colorado
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
DENVER, Aug. 13, 2024 – JLL Capital Markets announced today that it arranged a $72.359 million construction loan for The Amble, a 42-unit, luxury residential project to be located at the base of Steamboat Springs Ski Resort in Steamboat Springs, Colorado.
JLL worked on behalf of the borrower, East West Partners, to secure the construction loan through a regional bank.
Due for completion in Spring 2026, The Amble will set a new standard for luxury and sustainability at a world class ski resort that hasn’t seen any new condo units delivered in 15 years. The property will consist of one five-story residential building housing the 42 units, 6,500 square feet of amenity space and 42 parking spaces. Building amenities include an outdoor pool and spa, fitness room, centralized lawn, lounge and game room and ski lockers. The Amble is aimed towards owners that desire a premium product with a service level that can be catered to the individual. Additionally, The Amble will be entirely electric and designed to be net zero operating carbon through the utilization of the local electric co-op green choice program.
The Amble is located on a 1.63-acre site at 2300 Mount Warner Circle at the base of Steamboat Springs Ski Resort. The project is three miles from downtown Steamboat Springs and 27 miles from the Yampa Valley Regional Airport, serving 16 domestic cities on six major airlines. In addition to the winter sports, The Amble will also benefit from the vibrant summer offerings at Steamboat, including mountain biking, hiking, fly fishing and golf at two championship 18-hole courses.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Leon McBroom, Managing Director Mark Erland and Director Kevin Barron.
“East West has remarkable track record of creating a sense of place,” stated McBroom. “The Amble is a continuation of East West’s exceptional vision and will further enhance the market providing the first luxury condominiums to be built in Steamboat in more than 15 years. The JLL team takes great pride in being a part of this wonderful project.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.