Real estate development company

Industry

Real Estate

Company Type

Construction

Location

Denver, CO

Size

$92,00,000

Investment Type

Equity, Senior Debt, Mezzanine debt

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Helping Great Companies Grow

Overview

  • Colorado Homes, LLC, Colorado World Resorts, LLC, and related entities are real estate development companies operating in Denver, CO for over 25 years
  • Seeking +/-$92 million to develop condos, homes, hotels, and commercial properties in Colorado
  • Four ripe initial projects in various stages of development
  • Management has invested $24 million of their own capital to date in the projects
  • Management team has executed over $10 billion of transactions as principal and agent
    • built over 500 homes ranging from 3,000 sf to 40,000 sf
    • completed over 2 million sf of home and commercial remodeling
    • built and operated 17 branded hotels in Colorado
    • brands built and operated include Ramada, Days Inn, Hampton Inn and Suites, Fairfield Inn and Suites, Microtel, Wingate, Clarion and Super 8
    • approved Hilton Hotel brand builder and operator
Helping Great Companies Grow

Opportunity

  • Colorado is one of the most robust real estate markets in the country
  • Denver population increase ranked 15th among metro areas nationally
  • Denver area is expected to add approximately 10,000 to 15,000 jobs and 40,000 to 50,000 new residents per month through 2030 or longer
  • Condominium and home sales in and around the Denver metro area are robust
  • Developments are currently financed by owner equity and single-asset based private loans
  • Vail and Beaver Creek are premier, world renowned resorts
  • Demand for second homes in the Vail Valley is strong, with significant year-on-year increases in sales prices and unit volume
Helping Great Companies Grow

Solution/Strategy

Colorado Homes, et. al. is looking to fund the following initial projects in various stages of development:

Company has invested $24 million to date in the projects

  • 82 Unit Luxury Condominium Building, Avon, CO (at Base of Beaver Creek Access Road)
  • Indigo Trails, 129 Residential Homes, Brighton, CO
  • 60 Unit 5-Story Extended Stay Hotel, Parker CO
  • 1,220 Acres Elizabeth, CO, Hemp Farm and Future Site of Commercial and Residential Development
Helping Great Companies Grow

Management

Eric Keiter

Principal

Co-founded capacity Funding LLC in 2005 to take advantage of the investment opportunities in the small business lending and merchant cash advance arena. Also co-founded Shadow Tree Capital Management in late 2013, an investment management company that manages two non-bank, direct-lending funds. Serves as head portfolio manager of Shadow Tree Capital, which currently oversees about $40 million in capital. From 2009 to 2015, owner/president of New York Livery Leasing, an automobile-based specialty finance company (sub-prime auto lending) servicing livery car drivers in the NY Metro area. Orchestrated the doubling of the lease portfolio while being involved in all aspects of the business, ranging from lease structuring and loan portfolio servicing to financing. From 1995 to 2006, was a principal and co-founder of MKP Capital Management and was co-head of investing and risk management for the MKP Partners and MKP Opportunity funds, and supervised risk management for the MKP Credit fund. During this time, assets under management grew from $18 million to a peak of $4 billion. From 1994-1995 was the head mortgage portfolio manager at Fischer Francis Tree and Watts. Previously spent seven years with Salomon Brothers Inc, as a vice president and trader in the mortgage-backed securities department. Prior to trading, was involved in portfolio analysis and strategy formulation in the fixed income area at Salomon Brothers. MA in chemistry from Columbia University and an honors BS in chemistry from Pennsylvania State University, Phi Beta Kappa.

Ranko Mocevic

Principal

Been in the hospitality and development industry in the Denver area since 1993. Colorado Homes LLC and United Construction by ecm LLC is a three-generation family owned and operated builder and hotel operator. The company has built and operated 17 branded hotels in the Denver area (3 new and 14 remodeled). The company is an approved Hilton Hotel brand builder and operator. Brands built and operated include Ramada, Days Inn, Hampton Inn and Suites, Fairfield Inn and Suites, Microtel, Wingate, Carion and Super 8. The company has also built over 500 homes (ranging from 3,000 sf to 40,000 sf, with an average of 5,000 sf) in the Denver area. The company has also completed over $2 million square feet of home and commercial remodeling. The company has approximately 25 full time employees. In 2016, the company did $10 million in revenue. Three hotel projects and residential development projects are underway.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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