The latest happenings at Urban Standard
Welcome to our News Page. Here you'll find our latest deals deals, industry trends, or just an overall take on whats going on at Urban Standard.
Welcome to our News Page. Here you'll find our latest deals deals, industry trends, or just an overall take on whats going on at Urban Standard.
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“There are special things happening in the South Florida market in terms of tail winds and the number of businesses coming down. On Murray Road, it will be high-end, single-family homes on a really amazing street that is a lot like Palm Beach." - Robert Levine
"Rising interest rates have affected everyone in the real estate industry in 2022. In this uncertain environment many banks have scaled back their lending capabilities. As a private lender we are uniquely positioned to capture this market where traditional financing sources have retreated. I believe that in 2023, we will continue to see the trend of non-bank lenders financing real estate projects." - Robert Levine for NYREJ
“We focus on properties with unique attributes that are defensible in a down market,” said Seth Weissman. “Casteel Creek is a really special property, not only in terms of its location but also the quality of the construction and the build-out.”
“USC continues its bullish outlook on the South Florida market,” said USC’s Founder and President Seth Weissman. “We are looking to double our Florida investments to $200 million over the next year. Low taxes and a pro-growth political climate continue to draw top talent from across the country.”
Seth Weissman joined the Weekly Beat newsletter for an interview to discuss his entrepreneurial journey, the alternative lending space, and the harsh reality of the New York City condo market.
USC delivered a $4.05 million acquisition and construction loan for a three-story residential building at 522 State Street to be turned into condos in the Boerum Hill neighborhood of Brooklyn.
Urban Standard Capital (USC) supplied the debt package for KDS’ 199 Chrystie Street development, which finished construction in late 2021. The financing includes both senior and mezzanine components with flexible release prices and a floating rate that decreases over the term of the loan. The loan provides KDS with additional time to sell the condo units and maximize proceeds.
Urban Standard Capital (USC), a NYC-based fully integrated real estate private equity firm, provided a $16 million condo inventory loan to DDG Partners, the developer of the high-end luxury condominium project 100 Franklin Street in Tribeca’s East Historic District.
USC Founder and President Seth Weissman has been featured among the Top 2022 Real Estate Power 100: the forces shaping the next phase of development in New York.
Urban Standard Capital has arranged a $9.5 million acquisition and construction loan for Chesterfield Faring, Ltd to take over a new development of 20 townhomes in Dallas, Texas. According to USC Vice President Jeremy Plofker, “USC had an existing relationship with Chesterfield Faring and it was natural that they came back to us for this project,” said Plofker. “The borrower saw a good opportunity to bring a new product to a growing market that is already in high demand.”
Jeremy shared his insight with NYREJ about the changing working environment in the real estate industry: "The digitization of the world in which we manage projects has enabled greater productivity and effective communication from anywhere than we ever could have envisioned and resulted in rebalancing of how we distribute time amongst different working environments.”
Multi-Housing News spoke to Urban Standard Capital's Seth Weissman about how the company is navigating the New York City financing landscape as a small private lender and about the most sought-after financing products in the market.
New York-based alternative lender Urban Standard Capital has fueled its recent expansion into South Florida with a $20 million acquisition loan on a small, vacant plot of land within the wealthy enclave of Everglades Island in Palm Beach, Florida.
As the founder and president of Urban Standard Capital, a fully integrated real estate private equity firm, Seth Weissman seeks out real estate developers and projects that are special and helps them succeed.
Urban Standard Capital provided a $20M loan to Meyer Equities to finance a partner buyout at 265 West 37th Street, a 23-story building in Midtown. Meyer has owned the property for three decades and will use part of the loan proceeds for tenant improvements and leasing costs. Click to see the full list.
Seth Weissman, managing partner of Urban Standard Capital, is focused on developments that haven’t yet sold 15% of their units -- the legal threshold to be declared a condominium under New York state law. Weissman’s firm is offering to buy just enough units at a discount so those builders can meet their 15% sales benchmark.
As we move from fear to discovering the reality of tomorrow, the challenge before us is to become stronger and more resilient.
Urban Standard Capital, a New York-based real estate private equity manager, has launched a targeted $100m fund to acquire condo units in the city and potentially further afield. Click to read the full article.
Check out a recent edition of Grant's Current Yield Podcast with USC founder Seth Weissman for a discussion of the New York City real estate market.
Seth Weissman’s Urban Standard Capital (USC) has launched a $100 million investment platform to buy condo units from developers who need to hit the 15 percent sales threshold to effectuate condo conversions.
Our Founder Seth Weissman has been included in the 2021 list of honorees for Crain's Notables in Real Estate.
Urban Standard Capital wants to buy 15% of units needed to make offering plans effective.
Mitch Rosen, Senior Director of Real Estate, and Seth Weissman, Managing Partner of Urban Standard Capital, discuss the New York City real estate market and how they think it can bounce back in the coming months.
In a time when many have landlord horror stories about jacked-up rents and lack of patience, the Nucitelli’s gave an enthusiastic shout-out in the Bklyner to their landlord, Urban Standard Capital, for the incredible interior renovations they made. The new restaurant space will have a basement for private dining, a full bar, and a coffee program in the mornings.
New York, NY Urban Standard Capital, (USC) a New York based real estate lender, development and investment firm, delivered $6.3 million in loans during the COVID crisis on three separate acquisition deals.
Feeding Neighbors, Keeping Restaurants In Business – #REHasYourBack Connects
Urban Standard Capital is leading a real estate industry initiative to help the communities impacted by this crisis. We are connecting real estate firms across the city to purchase and deliver meals to those in need while supporting local restaurant businesses and keeping people employed.
We're proud to be featured on NBC news for our #REHasYourBack campaign. The real estate industry stepping up to do what the city can’t.
Hot on the heels of New York’s heaviest-hitting lenders, landlords and developers are the smaller, up-and-coming players that some consider the lifeblood of the industry.
Learn how Urban Standard bridge financing helped a developer in NYC
Learn how USC construction loans help make sure your project is sufficiently funded and running on time.
Say hello to a standardized (no pun intended) brand and visual identity. Learn about how we did what we did, and why.
