Urban Standard Capital delivers a $13 million loan

Miami Beach, FL - Urban Standard Capital, a NYC-based fully integrated real estate private equity firm with a presence in South Florida, provided a $13 million loan to the owner 34 Star Island Dr. 

The home, which boasts 7,998 s/f, nine bedrooms, and ten bathrooms, was purchased by the current owner in April of 2021 for $21 million while it was undergoing a gut renovation. The borrower completed the renovation, which was overseen by Todd Glaser, and recently put the home back on the market for $32 million.

According to Urban Standard Capital's Robert Levine, "This deal is a prime example of our ability to close loans with flexibility and speed." 

Urban Standard has seen a tremendous amount of growth in its South Florida business over the last year. This summer, the firm financed a $20 million acquisition loan to the buyer of 757 Island Dr., an undeveloped corner lot on Everglades Island.

“Urban Standard Capital is thrilled to be doing deals in the South Florida market, bringing our borrower focused lending approach to owners and developers there," said Urban Standard Capital's managing partner Seth Weissman. "We are busy expanding our existing relationships and building new ones in this strong, dynamic market.”