378 Broome is a 25.75 wide mixed-use development site located in Little Italy. Urban Standard plans to build a six-story building with four apartments over a retail space. We have retained HWKN to lead the architectural design.
A developer needed a base loan of $2.5MM with the ability to cover additional upgrade costs for end buyer add ons, like a roof deck and elevator. The team at Urban Standard Capital arranged an "add on" option for an additional $500k to add value to the property and allow them to maximize their sales price and profit.
Urban Standard provided a $6.5M Construction loan for an oceanfront Single Family Residential home in the Hamptons. Get in touch to find out how our team can help you also close quickly and with certainty.