Getting your player ready...
Alpine Bank is getting out of the Club at Cordillera controversy.
The regional bank has hired a New York City firm, Mission Capital Advisors, to auction its $12.7 million loan with David Wilhelm and the Wilhelm Family Trust, which acquired the Club at Cordillera in 2009.
This will be the sixth loan Mission Capital will have auctioned for Alpine Bank.
The loan is categorized as “performing” in the offering memo. That means the Wilhelms are making the payments.
But that may not last. Several Cordillera property owners and Club members have said they’re leaving the Club, and several others already have. Annual dues are $13,800.
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