Venu secures $6M construction loan from PB&T Bank for Colorado Springs project

Venu Holding Corp

Loan up to $6M, term 70 months, maturing March 27, 2031.
Interest at 8.5% fixed during draw period (through May 27, 2026), then prime + 25 bps.
Secured by first lien on real property and assets of subsidiary Sunset Hospitality Collection, LLC.
Proceeds to fund completion of mixed-use development including restaurant, rooftop bar, and event spaces.
Personal guarantees from certain affiliates; $60K upfront closing fee paid.

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