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2400 Casteel Creek Rd, Edwa...

Updated Oct 29, 2024

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

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.

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$26,000,000

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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

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