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. The minority-owned firm has approximately $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 Harlem residential building.
“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 National Standard Abstract.
“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.”