Urban Standard Capital Extends $8M Construction Loan For 555 Abranova Apartment Development In Durham

Urban Standard Capital, led by lender Seth Weissman, has extended an $8 million loan for the construction of 555 Abranova, an apartment development site located at 555 Abranova Ave in Durham, NC. The development is situated close to downtown and Research Triangle Park, making it an attractive location for potential residents.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,000,000
• Lender: Seth Weissman - Urban Standard Capital
• Landlord: Abraham Ng'hwani - Abranova Real Estate

Abraham Ng'hwani, representing Abranova Real Estate, is the landlord involved in the deal. The loan provided by Seth Weissman will support the construction of 555 Abranova, contributing to the growth of the local real estate market in Durham.