Urban Standard Capital Provides $23 Million Loan For Acquisition Of 80 West Broadway Development Site

The property asset involved in this transaction is a development site located at 80 West Broadway in Manhattan. This site spans 66,000 square feet and is associated with an acquisition loan amounting to $23,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,000,000
• Address: 80 West Broadway
• Market: Manhattan
• Lender: Charlie Brosens, Seth Weissman, Sam Hollander & Harris Pergament - Urban Standard Capital
• Landlord: Astral Weeks
• Broker: Aaron Niedermayer & Robert Tonnessen - JLL
• Loan Type: Acquisition
• Loan Structure: $19mm senior loan and $4mm of preferred equity

The key individuals and companies involved in this transaction include Urban Standard Capital, known for their expertise in creative deal structuring. The team works closely with borrowers to customize financing solutions that align with their objectives. Contact details for the lender representatives include Charlie Brosens, Robert Levine, and Harris Pergament, offering their expertise for further inquiries.