Home Real Estate Urban Standard Capital Provides $14M for Chelsea Condo  
Real Estate

Urban Standard Capital Provides $14M for Chelsea Condo  

Urban Standard Capital, a New York City-based private equity firm, has provided a $13.8 million acquisition and construction loan for a luxury condo project in Chelsea.  

The developers, RoundSquare Development and VM Properties Group, plan to transform a two-story office/garage building at 227 West 19th Street into a luxury condominium with five full-floor residential units featuring private outdoor space and private elevator landings.  

“This was our first transaction working with the team at Urban Standard and it was a great experience.” “We look forward to continuing our partnership with them,” said RoundSquare Development Principal Rob Kaliner and VM Victor Properties Group Principal Victor Perretta. Urban Standard Capital closed over $100 million of construction loans in October. Michael Horowitz of Cooper Horowitz brokered the deal. 

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...