An e-mail recently circulated to and among Saddleback condo owners seems to indicate that Arctaris Impact Fund intends to make an offer for the resort.

Per its website, the business plan of the Arctaris Impact fund is to "invest in Low and Moderate Income communities throughout the U.S., addressing underserved and underbanked businesses that are poised for growth."

Saddleback Mountain has been closed since 2015, when its double chairlift failed and then (and still) owners the Berry family declined to replace it.

Australian developers Majella Group began the process of buying the resort in 2017, but the deal dragged on into 2018 while Majella sought financing. Until in June 2018, when Majella CEO Sebastian Monsour was arrested and held without bail in Australia, accused of swindling a Chinese investor out of $5M.

Arctaris has announced that it intends to invest $25M-$30M in getting the resort up and running again.

Will this deal fly?

Stay tuned.