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
About this deal
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.
On the Map
$26,000,000
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Players
Edwards CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
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