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

Located at 2027 Pine Street, 716 S. 2nd Street, 716 South Street, 750-752 S. Martin Street, and 902 Spruce Street, this multifamily property in Philadelphia, PA spans a total of 24,400 square feet and consists of 29 units. The transaction, which took place on September 13, 2022, involved an acquisition loan from Urban Standard Capital, with Seth Weissman, Charlie Brosens, Robert Levine, and Bean representing the lending agency. The loan amount for this deal was $6,100,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Loan Type: Acquisition

Seth Weissman, Charlie Brosens, Robert Levine, and Bean from Urban Standard Capital facilitated the loan for this property acquisition in Philadelphia. For all bridge and construction lending opportunities, interested individuals can reach out via email to Charlie ([email protected]) and Robert ([email protected]).