Company Background.

Creekside Funding & Development, L.L.C. was established in April 2024 to spearhead the Silver Pines Resort project, a mixed-use development in Kellogg, Idaho. While the company itself has not operated previously, it is backed by the extensive experience of its founder, Chris Haertel, a veteran in real estate investment and development with 38 years in the industry. Chris’s expertise includes managing large-scale development projects through Regency Funding & Development, a private lending and development company that has funded over $400 million in loans and completed real estate projects totaling more than 400 million.

The company’s primary focus with this venture is the development of Silver Pines Resort, a 144-acre mixed-use property located near the renowned Silver Mountain Resort in Kellogg. This project aims to create a premier recreational and residential destination that leverages the area’s natural beauty and unique tourism appeal. The Silver Pines Resort will feature a mix of residential units, including a condo-hotel, townhomes, condominiums, and single-family estate homes, along with limited commercial spaces for restaurants, retail stores, and entertainment venues.

Creekside Funding Partners will contribute the full $50 million value of the land, which will serve as its equity stake in the project. Currently, the company owns half of the land and has secured an option to purchase the remaining portion. A portion of the $20 million in Phase I funding will be used to exercise this purchase option, thereby committing the full land asset to the joint venture. The remaining funds will finance essential infrastructure, including roads, water supply, and utility connections, to enhance the property’s overall value, which is projected to reach $80 million with horizontal build-out and a value of $1.1 Billion post-development.