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2400 Casteel Creek Rd, Edwa...

Urban Standard Capital Expands Lending Program With $26M Acquisition Loan In Edwards, Colorado
FINANCED

Urban Standard Capital Expands Lending Program With $26M Acquisition Loan In Edwards, Colorado

2400 Casteel Creek Rd, Edwards, CO 81632

$26,000,000

Building Size

Asset Type

Closing

Nov 28, 2022

AI

Casteel Creek is a 60,000-square-foot single-family residence located at 2400 Casteel Creek Rd in Edwards, Colorado. The property, situated on a 450+ acre estate, borders over 2 million acres of National Forest Service Land. It boasts an impressive array of amenities, including an eight-bedroom main house spanning over 25,000 square feet, two shooting ranges, an ice cream parlor, a five-story climbing wall, a hibachi table, and an indoor football field.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $26,000,000
  • Lender: Urban Standard Capital
  • Urban Standard Capital Representatives: Seth Weissman, Charlie Brosens, Bean, Robert Levine, Jeremy Plofker, Harrison Rowen, and Sam Hollander
  • Landlord: Baseline Property Group
  • Loan Type: Acquisition Loan

Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, Robert Levine, Bean, Jeremy Plofker, Harrison Rowen, and Sam Hollander, provided a $26,000,000 acquisition loan for the Casteel Creek property in Edwards, Colorado. This expansion into Colorado reflects Urban Standard's ongoing efforts to expand its lending program.

Players

BG
Baseline Property GroupLandlord

Edwards CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93