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

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FINANCED
$26,000,000

Colorado

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Single Family Residence60 SF
Financed 11/28/2022
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FINANCED

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

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

See Similar Deals
Single Family Residence60 SF
Financed 11/28/2022
the dealdetailscomps

Summary

COLORADO
Asset Type:Single Family Residence
Price Per Square Foot:$433,333
Total Square Footage:60 SF
Transaction Type:Loan

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]).

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