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2400 Casteel Creek Road, Ed...

Urban Standard Capital Provides $26M Acquisition Loan For 60,000 SF SFR In Edwards, Colorado
FINANCEDSingle Family Residence

Urban Standard Capital Provides $26M Acquisition Loan For 60,000 SF SFR In Edwards, Colorado

2400 Casteel Creek Road, Edwards, Colorado 81632, United States

$26,000,000

$433,333/SF

Building Size

60 SF

Asset Type

Single Family Residence

Closing

Nov 28, 2022

AI

Casteel Creek is a 450+ acre estate located in Edwards, Colorado. It is situated outside of Vail and Beaver Creek and borders over 2 million acres of National Forest Service Land. The property is a single-family residence with a size of approximately 60,000 square feet.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $26,000,000
  • Address: 2400 Casteel Creek Rd
  • Market: Edwards, Colorado
  • Lender: Urban Standard Capital
  • Loan Type: Acquisition Loan
  • Landlord: Baseline Property Group

The lender for this transaction was Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, Robert Levine, Bean, Jeremy Plofker, Harrison Rowen, and Sam Hollander. The loan amount obtained was $26,000,000 specifically for the purpose of acquiring the Casteel Creek estate. It is worth noting that Urban Standard Capital expanded its lending program to Colorado with this loan.

For all bridge and construction lending opportunities, interested parties can email Charlie ([email protected]) and Robert ([email protected]).

Players

BG
Baseline Property GroupLandlord

Edwards Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

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