Transaction represents the firm’s ninth loan in California this year, bringing 2025 originations in the state to more than $154 million

Urban Standard Capital (“Urban Standard”), a leading institutional real estate investment firm, today announced that it has closed a $53 million construction loan for a new luxury condominium project at El Camino Real in Los Altos, California.

The development will bring more than 50 condominiums to the market, including 10 affordable units, in one of Silicon Valley’s most sought-after neighborhoods. Located near major tech campuses, the project will include a mix of one-, two- and three-bedroom homes designed to meet the growing demand from young professionals and local buyers.

“With nine loans closed in California this year totaling more than $154 million, Urban Standard continues to experience strong momentum across the West Coast as institutions increasingly look to private credit for stable, risk-adjusted returns,” said Seth Weissman, Founder and Managing Partner of Urban Standard Capital. “This Los Altos project underscores both the depth of demand in supply-constrained markets and our ability to execute quickly on opportunities that align with institutional-quality underwriting standards.”

The investment is supported by a strong capital structure, including $3 million in mezzanine financing from Reign Funding. The transaction closed on August 28, 2025, with completion of the project anticipated within 22 months.

“Reign Funding is excited to work with Urban Standard Capital on this development, tapping into the unparalleled strength of the Silicon Valley market to deliver superior, risk-adjusted returns for our investors in one of the nation’s most competitive real estate markets,” said Kevin Perrotta, Senior Vice President at Reign Funding.

“Los Altos is one of the most exclusive markets in Silicon Valley, with median home prices above $5 million and steady demand from high-net-worth tech buyers,” said Harris Pergament, Senior Associate at Urban Standard Capital. “This project is an excellent example of how our lending platform can provide flexible capital in markets with great fundamentals.”

The Los Altos transaction further reflects Urban Standard’s continued national expansion. Year to date, the firm has closed 45 loans in 9 states totaling more than $630, adding to a growing portfolio of transactions in New York City, Los Angeles, Aspen, Telluride and the Hamptons.

About Urban Standard Capital

Urban Standard Capital is a NYC-based real estate investment firm providing institutional capital solutions to real estate sponsors nationwide. Having invested more than $2 billion of equity and debt capital since launching in 2014, the firm distinguishes itself as direct lenders in the middle market by leveraging its in-house real estate development expertise to provide creative and bespoke financing solutions. Urban Standard Capital invests on behalf of foundations, pension funds, insurance companies and family offices. For more information, please visit: uscnyc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250916329108/en/