National Standard Abstract ends 2015 with $124 million in deals closed

Osei Rubie, National Standard Abstract

New York, NY National Standard Abstract (NSA), a full-service title-insurance firm, has seen a strong start in just ten months of business ending 2015 with a string of accomplishments. Since launching in March, NSA has closed $124 million primarily in affordable housing and commercial real estate sectors in Harlem, Brooklyn, Queens, the Bronx, Manhattan and Nassau County. Furthermore, the minority-owned firm has $345 million of deals in the pipeline through 2016. The $124 million of deals include: • $43 million 33-building, affordable-housing development in Brooklyn; • $24 million new construction, affordable-housing development in Brooklyn; • $7 million refinance of senior-housing building in Harlem; • $6 million refinance by an affordable-housing developer in Brooklyn; • $1 million refinance by an affordable-housing developer in the Bronx; • $1 million refinance of a residential building in Harlem; • $2.4 million refinance by an affordable housing developer in Harlem; and • $39.6 million in residential transactions in Brooklyn, Bronx, Manhattan, and Nassau and Suffolk counties. “National Standard Abstract’s incredible start out of the gate is a testament to our ability to close any type of deal – from multi-million-dollar commercial projects to smaller residential transactions,” said Osei Rubie, founder and president of NSA. “These deals take a considerable amount time to get to the point of closing – some even years – and they select our firm as their title company to steer through complex legal issues and seamlessly navigate to the closing.” Established in March 2015, National Standard Abstract’s dynamic team of title-insurance experts have more than 100 years of combined experience in intricate real estate deals positioning NSA with unique skills to provide tailored service to handle any client’s needs. A minority-owned business, NSA’s staff has worked with the most active real estate developers in New York and the region and possess extensive knowledge of complex transactions including mixed use, office, market-rate and affordable housing, amusement parks and hospitals. NSA is a member of the New York State Association for Affordable Housing and the Supportive Housing Network of New York.

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