Condo Development Debt and Preferred Equity - Dillon, CO

DILLON, CO – PlattPointe Capital arranged a $56,000,000 EB-5 construction loan and $19,000,000 mezzanine debt for Waterview Residences, a ground-up luxury condominium development located at 240 Lake Dillon Drive in Dillon, Colorado. The development will deliver 80 for-sale residential units totaling 79,635 net sellable square feet, along with 4,800 square feet of ground-floor commercial space, bringing a best-in-class mixed-use project to a market that has not seen meaningful new supply since the 1980s.
Waterview Residences is situated in the heart of Dillon’s town core, adjacent to the Dillon Amphitheater and with direct lake and marina access to Lake Dillon. The property is less than five minutes from Keystone Mountain and approximately fifteen minutes from Breckenridge, positioning it squarely at the center of Colorado’s iconic I-70 ski corridor. Travel from Denver takes slightly more than one hour, and a direct shuttle from Denver International Airport serves the Dillon area, making Waterview Residences highly accessible for both full-time residents and second-home buyers.

PlattPointe Capital was engaged to structure $75MM of the project's capital stack. The EB-5 loan of $56,000,000 qualifies under the Rural Area designation, which provides investors with priority USCIS processing. The loan has a term of 3.5 years with one one-year extension option. A local private real estate firm provided $19MM of preferred equity. Construction is underway and is expected to be complete by Q1 2027.

“Waterview Residences represents exactly the kind of irreplaceable, supply-constrained opportunity we seek to bring capital to. Dillon has a powerful combination of world-class location, extremely limited new supply, and extraordinary demand from both second-home buyers and full-time residents. We are proud to have structured the capital stack for this project and to continue expanding our presence along the I-70 corridor.”
— Jason Aubrey, PlattPointe Capital

Transaction Highlights:
• $56 MM EB-5 Construction Loan
• $19MM Preferred Equity
• 80 Residential Units
• 4,800 SF Ground-Floor Retail

The subject property is located at 240 Lake Dillon Drive in Dillon, Summit County, Colorado — a four-season destination adjacent to world-class skiing, a waterfront amphitheater, and Lake Dillon itself. The Waterview building will rise four stories above grade and features a reinforced concrete frame with a heavy concrete podium, providing structural integrity designed for the region’s mountain climate.
The unit mix is as follows: studios (approximately 610 SF), one-bedroom, two-bedroom, and three-bedroom units (up to 1,412 SF), targeting the luxury buyer segment. Residents will enjoy a pool deck, fitness center, community room, an exterior amenity deck overlooking Lake Dillon, and a ground-floor restaurant and retail space.

The Summit County residential market remains one of the most supply-constrained in Colorado. Dillon has seen no significant new development since the 1980s, and topographic, zoning, water rights, and forest preservation constraints ensure that supply will remain extremely limited. Nearby Breckenridge is nearly built out. There is currently no competing product in the pipeline in Dillon beyond a small five-unit mixed-use project in the town review process. In this environment, Waterview Residences stands as the singular new luxury offering in the market, and pricing has reflected that: single-family home prices in Dillon surged 50% over the past year, and Summit County condo prices have increased by up to 29%.

About PlattPointe
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the capital markets by arranging optimal alternative debt and equity options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and sponsor’s needs.

More information can be found at www.plattpointe.com

For any inquiries nationwide, please contact:
Jason Aubrey | 303.598.3876 | jason@plattpointe.com
Creighton Bildstein | 303.589.4258 | creighton@plattpointe.com
Matthew Biegner | 720.470.7706 | matt@plattpointe.com