59-Unit Resort Development 90 Percent Pre-Sold PARK CITY, Utah , Aug. 15, 2024 /PRNewswire/ -- Orion Real Estate Investment & Development , a resort, mixed-use, urban and master-planned communities developer, announced today it has closed a $45 million debt financing facility from Builders Capital , the nation's largest private construction lender. The debt facility will fund the completion of 59 new condos at The Mason , a luxury condominium development in Park City, Utah .
Located across from the highly anticipated Deer Valley® East Village and adjacent to Jordanelle Reservoir, The Mason is 90 percent pre-sold and will be completed in winter 2025. The Mason is designed by Salt Lake City -based MJSA with New West Building Company as general contractor, and exclusively represented by Berkshire Hathaway HomeServices Utah Properties . It consists of the former 85-unit Lodge at Stillwater, which is undergoing a major renovation, and two additional new buildings with 59 new condos.
Construction on the new buildings commenced last month. These move-in ready, turnkey, fully furnished one-, two- and three-bedroom condos will feature "Mountain Chic" interiors. Residents enjoy beautiful views of the Jordanelle Reservoir and Wasatch Mountains as well as high-end amenities, including an owners' lounge, game room, remote workspace, fitness center, outdoor pool, hot tubs, saunas, grills, firepit seating, bike storage and ski lockers.
"We're thrilled to partner with Builders Capital to co.
