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New York & Tri-State  + Downtown New York  + Finance  | 
Urban Standard Capital provided a $16-million inventory loan to the developer of 100 Franklin St., a condo project in Tribeca

Tribeca Project Lands $16M Inventory Loan 

developer of the high-end luxury condominium project 100 Franklin St. in Tribeca’s East Historic District.  

USC’s loan refinanced Bank OZK’s construction loan and will give DDG Partners additional runway to sell the units and maximize pricing.  Condo inventory financing is the fastest growing part of Urban Standard Capital’s lending business, which is expanding nationally.  

100 Franklin St. is a 22,236-square-foot.building that features 10 residential units and 2 commercial units. The building is located on the corner of Church and Franklin streets in close proximity to many art galleries and some of NYC’s best restaurants. It is being marketed by Douglas Elliman’s Development Marketing. 

“DDG delivered a very special and unique property to the market,” said Robert Levine of USC. “100 Franklin exemplifies DDG’s thoughtful approach to design and development.” 


Inside The Story

Urban Standard Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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