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Silverleaf financial
1. Silverleaf Financial
Shane Baldwin Silverleaf recently acquired millions of non-performing loan.
Salt Lake City, UT --Oct 25, 2011 Shane Baldwin Silverleaf recently acquired a $57 Million non performing loan
secured by 58 unsold luxury condominium units within the 86 unit Trailhead Lodge Development in Steamboat
Springs, Colorado.
The loan originated in 2007 for the amount of $57.4 Million and was later extended in 2009. Currently the loan is in
maturity default with an unpaid principle balance of approximately $48 Million. Trailhead Lodge is a luxury
hotel/condominium project built in 2009 on a 2.73 acre site. The property is the focal point of a 47 acre development
known as the Wildhorse Meadows. The property is located minutes from the base of Steamboat Ski Resort, which
can easily be reached via the Trailhead gondola that conveniently transports condo owners and guests to the base of
the resort.
The Steamboat Ski Resort boasts a massive 2,965 acres, encompassing over 3,300 vertical feet of ski area. With a
genuine old western town feel and 249 inches of average snowfall, the mountain services more than a million skiers
per year. See http://www.steamboat-chamber.com/.
The lodge is managed by Wyndham Vacation Rentals. Wyndham offers one of the largest and most diverse
collections of serviced vacation rental accommodations in the world. They manage more than 90,000 vacation
properties in over 500 destinations. They also provide over 51,000 independent vacation property owners the
opportunity to rent their properties through there well known vacation rental brands. For more information about
Wyndham go to http://www.wyndhamrentals.com/.
The lodge consists of one 5-story building over a 2-story underground garage, and features a total of 86 residential
units. The units total 93,933 net square feet. All of the units are fully decorated with luxury furnishings and appliances.
The large windows in the units offer dramatic views of the South Valley and Emerald Mountain. Unit amenities include
a balcony, fireplace and lockable storage. The 58 available units are offered in 14 floor plans ranging in size from 461
SF to 2,197 SF (average of 1,142 SF) for a total of 66,254 SF.
Common area amenities include an outdoor patio area with built in barbeques, a large lap pool, three hot tubs, fitness
room, his/her locker rooms and a game room. Each unit includes its own indoor storage space in the underground
parking garage. The complex is served by two high-speed elevators.
Silverleaf Financial intends to aggressively market the Trailhead units based on their new cost basis. Shane
Baldwin, Principle of SilverLeaf Financial said his goal is to sell the remaining units which will pave the way for the
completion of the master Wildhorse Meadows plan. Silverleaf Financial will continue to pursue the acquisition of
distressed debt secured by commercial real estate nationwide.
Learn more about Shane Baldwin and Silverleaf Financial Utah, Just visit http://www.shane-baldwin.org
To read more news about Silverleaf Financial, please visit http://www.shane-baldwin.net