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Seth Weissman Jake Simpson And Bean Secure $6.8M Construction Loan For West Palm Beach SFR

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FINANCED
$6,800,000

Florida

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Single Family Residence7,100 SF
Financed
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FINANCED

Seth Weissman Jake Simpson And Bean Secure $6.8M Construction Loan For West Palm Beach SFR

2002 Notre Dame Drive

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Single Family Residence7,100 SF
Financed
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$957
Total Square Footage:7100 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 2002 Notre Dame Drive, West Palm Beach, FL. This is a single-family residence with a total square footage of 7,100. The loan amount associated with this property is $6,800,000 and is categorized as a construction loan.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $6,800,000
  • Loan Type: Construction
  • Lender: Seth Weissman, Jake Simpson, & Bean - Urban Standard Capital
  • Date of Transaction: 3/2/2026

The key individuals involved in the deal include Seth Weissman, Jake Simpson, and Bean, who represent Urban Standard Capital. The company specializes in financing residential construction projects across the country and adopts a solutions-oriented approach to structuring deals to meet the unique needs of each project. For inquiries, contact Seth at [email protected] or Jake at [email protected].

Players

Seth Weissman
Urban Standard Capital
Seth Weissman
54 deals$582.3M volume
LENDER
Urban Standard Capital
Urban Standard Capital
LENDER
Urban Standard Capital
Urban Standard Capital
LENDER

Details

FINANCED
IMAGE: Seth Weissman, Bean & Jake Simpson DATE: 3/2/2026 ADDRESS: 2002 Notre Dame Drive MARKET: West Palm Beach, FL ASSET TYPE: SFR ~ SF: 7,100 LENDER: Seth Weissman, Jake Simpson, & Bean - Urban Standard Capital (@USC_NYC) LOAN AMOUNT: $6,800,000 LOAN TYPE: Construction NOTE FROM LENDER: USC specializes in financing residential construction projects across the country. We take a creative, solutions-oriented approach to structuring deals that meet the unique needs of each project. For more information, contact Seth at ([email protected]) or Jake at ([email protected]) TradedPartner

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,800,000.00

Monthly NOI$45,333.33
Monthly Debt Service$42,980.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00