Baseline has secured a $26 million acquisition loan on its $40 million purchase of Casteel Creek, a massive 450-acre Colorado estate near Vail with two shooting ranges, its own ice cream parlor, Old Western town and recreation Coyote Lodge.
The loan was negotiated by USC's Founder/President Seth Weissman and Vice President Charles Brosens.
According to Baseline's Co-founders Stephen Lobell and Brock Nicholas, the main properties will be used as hospitality for short term rentals with a plan to sell the additional developable land as home lots for a combined $45 to $50 million. The buyers plan to maintain the Coyote Lodge as an amenity for the new homes built on the property, while the main house will be for their own personal use as well as for corporate retreats and occasional short-term rentals. The Old West details, which Nicholas described as "dynamite," will also remain.
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