LEADVILLE, COLO. — Cloudland Capital and Blue Hour Housing have received $5 million in financing for Silver King Leadville, a 56-unit workforce housing community in Leadville, about 100 miles west of Denver. William Haass of JLL Capital Markets arranged the five-year, fixed-rate loan through a Colorado-based credit union.
Located at 2020 North Poplar St., Silver King Leadville offers 47 studios, eight one-bedroom units and one two-bedroom apartment. The average unit size is 375 square feet. Income restrictions for the community were not disclosed.
Originally a 66-key hotel, the property was converted into workforce housing in 2024. The renovation included adding kitchenettes to all units, installation and improvement of fire and life safety systems, upgrading common areas, new communal laundry and gym facilities, storage lockers and enhancing outdoor spaces.
The asset is currently leased to Climax Molybdenum Co., a subsidiary of Freeport-McMoRan, and offers housing for the company’s employees. Additionally, six apartments have been set aside for employees of Lake County.