On behalf of Steamboat Meadows LLC, a partnership of RAL Development Services, KZ Capital, and Latitude Investment Partners, Newmark has arranged a $63 million loan for the development of the first phase of ROAN Steamboat Springs, a multi-phased, lift-serviced residential townhome development located within the last undeveloped parcel within the Wildhorse Meadows subdivision of Steamboat Springs.
Co-Presidents of Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone led the Newmark team. Vice Chairman Nick Scribani and Tim Polglase arranged the financing with Builders Capital, led by Dave Kansagor. ROAN Steamboat Springs townhomes are being marketed by Ryan Shattuck and Jon Wade of The Steamboat Group.
“ROAN addresses a significant market gap for turnkey luxury townhomes, and we are pleased to be one step closer to delivery with the capitalization arranged by Newmark, ” said Stuart Taft, managing partner at RAL Companies. “Builders Capital has an innovative lending platform that makes them an ideal financial provider for a project like ROAN. Steamboat Springs is one of America’s leading ski destinations, filled with natural beauty and a coveted year-round community. Land opportunities here of this quality are incredibly rare, and we’re thrilled to bring this project to life with our partners.”
ROAN Steamboat Springs will encompass 78 luxury townhomes ranging from 3- to 5-bedroom units across two elevated parcels, providing its residents premium mountain and valley views, and a superior set of amenities. Initial availability includes 3-bedroom residences priced from $3,600,000 and 4-bedroom residences priced from $4,250,000. Each townhome will feature modern design principles including generous living areas with tall ceiling heights, providing ample natural light. Thoughtfully designed floorplans will include open concept kitchens, private garages and flexible spaces adaptable for various uses. Located at the base of Wildhorse Gondola, the project is strategically located to provide unmatched access to the main ski mountain and nearby Gondola Square.
Steamboat Ski Resort, Colorado’s second-largest resort, continues to cement its status as a premier destination for outdoor enthusiasts, supported by substantial investments made through its Full Steam Ahead initiative. This transformative program has expanded the resort’s skiable terrain by 600 acres and directed $220 million toward comprehensive mountain enhancements. With a projected annual visitation growth rate of 5%, total visits are expected to exceed 1.5 million by 2028. Steamboat Springs benefits from exceptional accessibility, including direct flights from Dallas–Fort Worth, Los Angeles, New York, Chicago, and many other major metropolitan areas. The town is also reachable by car in just 3 hours from Denver and is only 30 minutes from Yampa Valley Regional Airport—further enhancing its appeal to high-net-worth individuals, destination travelers, and second-home owners.
Steamboat residential sales have shown strong annual growth with a 10% average annual increase in value over the last 10 years. The townhome market in Steamboat has exhibited consistent long-term growth, driven by sustained demand and constrained supply. Recent townhome sales in the Wildhorse neighborhood have consistently exceeded $1,400 per square foot. With limited new development over the past 15 years, the market has remained undersupplied, contributing to significant price appreciation, particularly in the wake of the pandemic, as high-income professionals increasingly gravitate toward Colorado’s resort communities. Enhanced by substantial capital investments into local ski infrastructure, buyer confidence in the broader Steamboat market remains strong.
