Urban Standard Capital Provides $6.1M Acquisition Loan For Multifamily Properties In Philadelphia

The multifamily property located at 2027 Pine Street, 716 S. 2nd Street, 716 South Street, 750-752 S. Martin Street & 902 Spruce Street in Philadelphia, PA has been involved in a recent loan transaction. The property has a total square footage of 24,400 and consists of 29 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Lender: Urban Standard Capital
• Lender Representatives: Seth Weissman, Charlie Brosens, Robert Levine & Bean
• Loan Type: Acquisition

Urban Standard Capital provided a loan amount of $6,100,000 for the acquisition of the property. The loan was facilitated by Seth Weissman, Charlie Brosens, Robert Levine, and Bean from Urban Standard Capital. For any bridge and construction lending opportunities, interested parties can contact Charlie ([email protected]) and Robert ([email protected]).