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Marc Lauermann's Blog

By Marc Lauermann ABR, SFR | Agent in 59047

Yellowstone Club to change hands

This Just in: Boston Based CrossHarbor Capital Partners has reached an agreement to acquire the Yellowstone Club in Big Sky Montana.  This result comes after a year long heavy weight legal battle that included Credit Suisse and their $375 million loan to the Yellowstone Club, Tim Blixseth, and Edra Blixseth who gained control of the Yellowstone Club and various other assets after a divorce with estranged husband Tim.  Unsecured creditors- local vendors and employees are to be paid and the posh club to continue operations.  Official ruling in the bankruptcy trial to be forthcoming.

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