Business Capital delivers $18 Million Bridge/Development Financing for Idaho Ski & Golf Resort
A four-season resort located in the Payette River Mountains of Idaho. The property encompasses a master-planned, state of the art all-season ski resort and residential community developed on 3,600 acres of private and state property along the shores of Lake Cascade. The master plan for the Resort included 2,043 residential units consisting of hotel rooms, lodges, condos, single-family homes, timeshare units and townhomes, as well as a signature golf course.
The project was unable to find a lender willing to take on the risk of financing the property still under development.
Business Capital established an understanding of the situation and secured bridge financing for the project until conventional bank financing by Credit Suisse was obtained.