Venu Secures $6M Construction Loan
The financing deal supports completion of Venu's flagship development, including hospitality and dining venues.
June 03, 2025

Venu moves forward with high-visibility development in Colorado Springs
Venu Holding Corporation has locked in a $6 million construction loan to bring its mixed-use development in Colorado Springs across the finish line. The funding, secured on May 27 through PB&T Bank, gives Venu the capital it needs to push forward on a high-visibility project next to the Ford Amphitheater.
This development includes several interconnected components:
- Roth’s Seafood & Chophouse, a fine-dining restaurant
- Brohan’s, a rooftop bar and lounge
- Notes Hospitality Collection, two modular event spaces built for corporate events, trade shows, weddings, and more
The loan runs on a 70-month term and matures in March 2031. Over the next year—defined as the draw period—Venu can access funding in phases, up to the full $6 million, provided it stays in compliance with the loan terms and avoids any defaults. During this period, interest is fixed at 8.5%.
Terms, collateral, and repayment structure
Once the draw period ends in May 2026, the interest rate adjusts. From that point forward, it’s tied to the Wall Street Journal’s published prime rate, plus 0.25%. Payments shift to a monthly schedule, covering both interest and principal, and follow a 20-year amortization structure.
The agreement includes a wide range of conditions: financial covenants, collateral requirements, and personal guarantees. To secure the loan, Venu pledged a first-position lien on the development property, held through its subsidiary, Sunset Hospitality Collection, LLC. The package also includes:
- Assignments of leases and rents
- Security interests in company assets
- Personal guarantees from affiliated entities
Venu paid a one-time $60,000 closing fee to finalize the deal, in addition to standard costs. The company is also responsible for annual inspection fees, should PB&T Bank choose to review the project’s collateral—more frequently if a default occurs.
This funding gives Venu the runway to keep building. With work on the restaurant, lounge, and event spaces underway, the construction loan provides the resources needed to keep the momentum going and deliver on a key development near the Ford Amphitheater.