Polaris Vail, LLC, a Colorado company, purchased 124 Willow Bridge Rd Unit 6-C in Vail Colorado for $5,750,000 in 2013. Unit 6-C Willow Bridge Rd had a $6,037,360 estimated market value listed by Eagle County, Colorado as of 1/26/17.
The documents we have examined from Eagle County, Colorado show Polaris Vail, LLC was owned by a Mexican company, whose president was Juan Cortina Gallardo, as of 2013 (see below).
Juan Cortina Gallardo sits on the Board of Directors for beverage and sugar conglomerate Organización Cultiba, S.A.B. de C.V.. As of the end of 2015, he was also the head of Cultiba’s sugar division, the head of the Mexican Chamber of the Sugar and Alcohol Industries, and a member of the Board of the public body that determines the reference price for sugarcane, the National Committee for Sustainable Sugarcane Development. His uncle is Cultiba Chairman Juan Gallardo Thurlow, whose wife we examined in connection with a separate Vail condominium.
July 10, 2013
October 31, 2013
Juan Cortina Gallardo signed a document that was later filed in Eagle County, Colorado as the President of Promotora Polaris S.A. de C.V. which was the sole member and manager of Polaris Vail, LLC. A “member” of a Colorado limited liability company is defined as “a person with an ownership interest” in the company (C.R.S. 7-80-102).
Another document signed the same day by Juan Cortina Gallardo showed Promotora Polaris S.A. DE C.V. was a Mexican corporation with a mailing address at Monte Caucaso #915 Piso 4, Mexico D.F. 11000.
This is the same location as the address Organización Cultiba provided for its principal office in a 2013 definitive prospectus (Monte Cáucaso 915, cuarto piso, Colonia Lomas de Chapultepec, C.P. 11000, México, Distrito Federal).
November 15, 2013
Polaris Vail, LLC purchased 124 Willow Bridge Rd Unit 6-C, Vail CO 81657, for $5,750,000.
August 8, 2014
Polaris Vail, LLC borrowed $3,162,500 from JPMorgan Chase Bank, N.A. secured by 124 Willow Bridge Rd Unit 6-C in Vail Colorado. Juan Cortina signed the Deed of Trust as an authorized signatory for Polaris Vail, LLC.
October 13, 2015
JPMorgan Chase Bank fully released the loan. We have not found any other loans to Polaris Vail LLC filed at Eagle County for the property.