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
Lake Worth Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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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