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
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