Eric Nordness Of Marquee Development And Krista Sprenger Of Alterra Mountain Company Secure $482.5M Loan For Mixed-use Development In Steamboat Springs
1900 Ski Time Square Drive
$482,500,000
Units
95
Asset Type
Mixed-use
Closing
Sep 16, 2026
About this deal
AI
The property asset located at 1965 Ski Time Square Dr in Steamboat Springs, CO is a mixed-use development comprising 154 units, which includes 59 commercial units and 95 residential units. The total loan amount secured for this construction project is $482,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $482,500,000
- Lender: Steve Tananbaum - GoldenTree AM, Jamie Dimon - J.P. Morgan & Daniel Shiff - EB5 Capital
- Borrower: Eric Nordness - Marquee Development & Krista Sprenger - Alterra Mountain Company
- Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Tyler Dumon & Holden Witkoff - Newmark
The deal involves several key individuals and companies, notably the borrowers Eric Nordness representing Marquee Development and Krista Sprenger from Alterra Mountain Company. The lenders associated with the transaction comprise Steve Tananbaum from GoldenTree AM, Jamie Dimon from J.P. Morgan, and Daniel Shiff from EB5 Capital. The landlord’s representatives include Jordan Roeschlaub, Nick Scribani, Tyler Dumon, and Holden Witkoff, all from Newmark.
On the Map
$482,500,000
Mixed-use
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Players
Steamboat Springs Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93