Bridge Street Investments, LLC, a Colorado limited liability company, has paid a total of $23,700,000 to buy five condo units in Vail Colorado between 2001 and 2017.
Bridge Street Investments, LLC purchased Unit B at 356 Hanson Ranch Road in Vail, Colorado for $6,650,000 in June 2017. ChedrauiLeaks was unable to find any loans recorded with Eagle County for the purchase, and we believe that the purchase is what is known as a “cash purchase.”
Bridge Street Investments, LLC authorized “Juan Fernando Franco Hernaiz as agent” to act on behalf of the company in the purchase of the condo, according to a Statement of Authority recorded in Eagle County on June 20, 2017.
Five and a half months later the company borrowed $4,655,000 against the condo on December 5, 2017. Juan Fernando Franco Hernaiz signed a deed of trust for the loan for Bridge Street Investments, LLC and was only referred to as “signer” on the document (see below).
The most recent Periodic Report filed by Bridge Street Investments with the Colorado Secretary of State (April 4, 2018) identified a “Juan Fernando Franco Hernaiz Sr.” as the “individual causing the document to be delivered for filing.” The report provided his address as Unit 501 at 278 Hanson Ranch Road in Vail, which is another condo owned by Bridge Street Investments, LLC.
Bridge Street Investments, LLC has also paid $17 million for four units at 278 Hanson Ranch Road in Vail from 2001 to 2012 which were the subject of earlier ChedrauiLeaks profiles:
- 2001: Unit 501 for $5,500,000
- 2007: Unit 303 for $2,200,000
- 2012: Units 402 and 403 for $9,350,000
Agustin Maria Franco Macias was an owner of Bridge Street Investments, LLC as of March 18, 2012 as shown by a document that became public in connection with the purchase of two other condo units.
The condo was valued at $5,431,520 for tax purposes as of October 3, 2018.
Agustin Maria Franco Macias is one of the members of the Mexican Business Council who has met with Enrique Pena Nieto. Franco Macias served as chairman of the board of Grupo Infra as recently as February 2017 according to an Energy Ministry press release at the time. He was an independent director of Grupo Financiero Inbursa, S.A.B. de C.V. until July of 2017, when he was replaced by Agustín Franco Hernaiz.
Agustin’s brother Elmer Franco Macias has been on the board of Telmex since 1991.
Documents:
- Statement of Authority
- Warranty Deed
- Deed of Trust
- Bridge Street Investments, LLC 2018 Periodic Report
- Property Record Card
ChedrauiLeaks.org has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with Bridge Street Investments LLC or this condo unit.