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

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FINANCED
$26,000,000

Colorado

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Financed 11/28/2022
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FINANCED

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

2400 Casteel Creek Rd, Edwards, CO 81632

See Similar Deals
Financed 11/28/2022

Summary

COLORADO
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Seth Weissman, Charlie Brosens, Bean, Robert Levine, Jeremy Plofker, Harrison Rowen & Sam Hollander DATE: 11/28/2022 ADDRESS: 2400 Casteel Creek Rd MARKET: Edwards, Colorado ASSET TYPE: SFR ~ SF: 60,000 LENDER: Urban Standard Capital (@USC_NYC) - Seth Weissman (@SJWeissman), Charlie Brosens (@Bruce_and_Cholula), Robert Levine (@RLevine1818), Bean, Jeremy Plofker (@JPlofker), Harrison Rowen (@HarrisonRowen) & Sam Hollander (@Sam.Hollander) LANDLORD: Baseline Property Group LOAN AMOUNT: $26,000,000 LOAN TYPE: Acquisition Loan NOTE FROM LENDER: Urban Standard expands its lending program to Colorado! Casteel Creek is a 450+ acre estate, located outside of Vail and Beaver Creek and bordering over 2 million acres of National Forest Service Land. It features over 80,000 square feet of improvements including an eight bedroom, 25,000+ square foot main house, two shooting ranges, an ice cream parlor, five story climbing wall, hibachi table, and indoor football field. For all bridge and construction lending opportunities, email Charlie ([email protected]) and Robert ([email protected]).

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,000,000.00

Monthly NOI$173,333.33
Monthly Debt Service$164,337.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00