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SilverLeaf Financial Purchases a 6,000 Acre Residential, Golf and Equestrian Community Located Between Telluride and Montrose, Colorado
SALT LAKE CITY, Dec. 27, 2011 -- SilverLeaf Financial, a private equity firm specializing in buying distressed debt, recently announced the acquisition of the 6,000 acre luxury master planned community in western Colorado, known as Cornerstone. It was purchased fee simple with clear title, for an undisclosed price. Cornerstone began development in 2006. The development is located approximately 1 hour north of the Telluride ski community.
Cornerstone features 125 fully improved lots, 56 of which have sold, leaving 69 currently available for sale. There are an additional 287 lots in various levels of improvement within the development. The development is planned for a total of 412 "Homestead" lots ranging in size from 1/4 acre to over 100 acres. Included in the purchase were 4 custom built cabins constructed by the Developer. Each large cabin is fully furnished with 4 master suites and shared amenity space. All 4 of these "Foursome Cabins" are currently available for sale.
The private luxury community includes a high-end 18-hole, 72-par Greg Norman championship golf course and 20-acre practice/training area. The golf course has been the recipient of many prestigious awards including "No. 1 Best New Course in Colorado" and "No. 1 Best New Private Course in the U.S." The Clubhouse at Cornerstone is 6,000 square feet and includes a dining area, pro shop, men's and women's locker areas, fitness area and swimming pool/beach area. The Cornerstone club features a 40 acre meadow with stables and horse boarding facilities, located in the northeast and southwest portions of the development. Community residents can enjoy guided horse rides either on-site, or on over 1 million acres of public lands nearby.
The community also features an exclusive Clubhouse in the nearby ski town Telluride, known as the "Mountain Club."
Built to accommodate Cornerstone members for year-round use, the Clubhouse is located in the heart of the village, just steps from the ski gondola.
The Developer has set aside approximately 3,000 acres as open space within the development. Community residents can hike, bike and ride miles of trails with a diverse terrain.
Through its wildlife management plan, wildlife can move freely throughout the area. Cornerstone's focus on sustaining and protecting the health of the property's wildlife and natural environments is evident through their wetlands restoration, forest management, wildlife monitoring and water quality monitoring efforts inside the development.
Cornerstone can easily be reached with direct commercial flights to Montrose Regional Airport from numerous cities across the country. For information regarding the available real estate for sale at Cornerstone, contact Colby Bond at
(801) 359-2855 ext 555.
For more information about The Cornerstone Development, go to http://www.cornerstonecolorado.com
About SilverLeaf Financial
Headquartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm focused on acquiring non-performing commercial loans secured by first position trust deeds.
These assets are acquired from the FDIC, regional banks, national banks, special servicers and other financial institutions for the purpose of future monetization. For more information, visit SilverLeaf Financial's website http://www.SilverLeaf-Financial.com
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