Updated Feb 21, 2025
Urban Standard Capital Provides $26.4M Acquisition Loan For Palm Beach SFR
2315 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$26,400,000
$2,485/SF
Building Size
10,623 SF
Asset Type
Single Family Residence
Closing
Jul 18, 2022
About this deal
AI
An acquisition loan for a single-family residence at 2315 S Ocean Blvd in Palm Beach has been closed. The property spans approximately 10,623 square feet and is located in the Palm Beach market. The loan amount for this transaction is $26,400,000. The lender, Urban Standard Capital, provided the financing for this acquisition. The loan was closed on July 19, 2022.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $26,400,000
- Address: 2315 S Ocean Blvd
- Market: Palm Beach
- Asset Type: SFR
- Square Footage: 10,623
Urban Standard Capital, led by Seth Weissman, Charlie Brosens, Robert Levine, and Bean, served as the lender for this transaction. Urban Standard Capital has expanded into South Florida within the past year and has already closed over $100 million in loans. For bridge and construction lending opportunities, interested parties can reach out to Charlie at [email protected] or Robert at [email protected].
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Deal FAQ
Visit Seth Weissman to view all their deals.
Browse Florida single family residence loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93