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Potato Patch Duplex - Vail, CO
Project type
Residential Duplex
Location
Vail, CO
Acquisition Financing
Worked with the buyer to procure short term bridge financing to execute his business plan.
Mad Creek CP helped a private investor procure a short term bridge loan for the acquisition of 781 Potato Patch Drive, a 7,038 square foot European inspired luxury duplex in one Vail's most exclusive neighborhoods that offers spectacular unobstructed mountain views, overlooking Downtown Vail.
The investor is a seasoned real estate agent who identified an arbitrage situation where he was able to acquire the property for $4.1MM and sell half of the duplex for $3.2MM the day after closing. We were able to get him a 3-month bridge loan to execute his business plan.
