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
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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
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