Urban Standard wants to rescue property owners from high interest rates

As interest rates rise and banks pull back on lending, real estate owners with loans coming due find themselves in a bind. Last year’s dramatic rate hikes — the steepest in a single year since 1980 — mean that some owners are being forced to put more money into their projects after a refinancing, rather than taking money out. Seth Weissman wants to capitalize on this misalignment. His lender and development firm, Urban Standard Capital,