facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Loan

/

2002 Notre Dame Drive

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

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

2002 Notre Dame Drive

$6,800,000

$957/SF

Building Size

7,100 SF

Asset Type

Single Family Residence

Closing

Mar 2, 2026

AI

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

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

Lake Worth Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93