Seattle-based Avatar Financial Group has provided an $8.75 million bridge loan to custom home builder Iluminus Group to complete the construction of a 17,500-square-foot ski mansion in Park City, UT. The property, currently being resold for a listing price of $50 million, is the most expensive home for sale in Utah.
Called “Monitor’s Rest At the Colony”, the ski-in/ski-out estate is located in the Colony at White Pine Canyon gated community at the base of Monitor Bowl. The home’s outer structure and roof were completed when Avatar provided the 18-month loan allowing Iluminus to complete the interior finishes.
The compound’s features include copper cladding and a wellness-intelligence system that provides circadian rhythm lighting which promotes productivity and balance. The home includes a water and air filtration system, sauna, steam room, massage room, stainless steel hot tub, indoor-outdoor lap pool, sport court and a single-lane bowling alley.
The post Seattle’s Avatar Provides $9M Loan for Utah Ski Mansion appeared first on Connect CRE.
Seattle-based Avatar Financial Group has provided an $8.75 million bridge loan to custom home builder Iluminus Group to complete the construction of a 17,500-square-foot ski mansion in Park City, UT. The property, currently being resold for a listing price of $50 million, is the most expensive home for sale in Utah. Called “Monitor’s Rest At …
The post Seattle’s Avatar Provides $9M Loan for Utah Ski Mansion appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate,