Silverberg Homes, a predecessor to Silverberg Development Corp., was formed in 1981, initially to develop single family detached homes.
In its earliest years, when the housing market was sluggish because of double-digit interest rates, the company acted as a consultant to several savings and loan associations as well as some private lenders to assist them in the disposition of their project-oriented real estate which they acquired by foreclosure or deed-in-lieu of foreclosure. However, beginning in 1983, the company was able to begin concentrating on its core activity, development of affordable single-family homes throughout the San Fernando Valley.
Silverberg Development Corp. was formed in 1989 as an adjunct to Silverberg Homes in order to focus on multi-family and commercial projects as well as various additional single-family home projects.
The firm accurately predicted the 1990’s housing recession, slowed down its development of new projects, and fell back on its consulting roots. It assisted numerous homeowners with earthquake-related insurance settlements and acted as a construction manager for many of these projects. In the late 1990’s and early 2000’s, the firm ramped up its development projects as the housing market began to strengthen.
Again in the mid 2000’s, the company scaled back its development projects in anticipation of a housing slowdown. In 2008, in the wake of the housing crisis and limited development opportunities, the firm decided to form a private lending division and created SDC Capital Funding. This lending division is actively providing loans today to qualified real estate investors seeking short-term financing.
In 2011, Warren Silverberg acquired Stanco Construction Company, Inc, a company with a rich history of local real estate development. Stanco Construction Company was originally formed in 1975 by Stanley Cohn.
Together, the firms have successfully developed over 1,000 housing units and have also developed or repositioned various commercial, office and retail projects in California and out of state. Today the firms are actively developing projects throughout Southern California and are now seeking development, investment and re-positioning opportunities in all real estate sectors nationwide.