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Seattle's Avatar Provides $9M Loan for Utah Ski Mansion

Seattle’s Avatar Provides $9M Loan for Utah Ski Mansion

Seattle-based Avatar Financial Group has provided an $8.75 million bridge loan to custom home builder Iluminus Group to complete the construction of a 17,500-square-foot ski mansion in Park City, UT. The property, currently being resold for a listing price of $50 million, is the most expensive home for sale in Utah.

Called “Monitor’s Rest At the Colony”, the ski-in/ski-out estate is located in the Colony at White Pine Canyon gated community at the base of Monitor Bowl. The home’s outer structure and roof were completed when Avatar provided the 18-month loan allowing Iluminus to complete the interior finishes.

The compound’s features include copper cladding and a wellness-intelligence system that provides circadian rhythm lighting which promotes productivity and balance. The home includes a water and air filtration system, sauna, steam room, massage room, stainless steel hot tub, indoor-outdoor lap pool, sport court and a single-lane bowling alley.


Inside The Story

Avatar Financial GroupThe Iluminus GroupMonitor's Rest at the Colony

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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