Updated Oct 10, 2025
Seth Weissman, Jake Simpson & Bean Close $11M Acquisition & Construction Loan For Development Site In Heber City
1871 Casperville Road
$11,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 30, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 1871 Casperville Road in Heber City, UT. The property encompasses 52 acres and has a single-family residence measuring 6,000 square feet. The acquisition and construction loan for this property is valued at $11,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Asset Address: 1871 Casperville Road
- Market: Heber City, UT
- Acreage: 52 acres
- Single-Family Residence Size: 6,000 SF
- Lender: Seth Weissman, Jake Simpson & Bean - Urban Standard Capital
- Loan Type: Acquisition & construction loan
The loan was facilitated by Seth Weissman, Jake Simpson, and Bean from Urban Standard Capital, a lender that specializes in financing residential construction projects nationwide. Their approach to structuring deals is noted for being creative and solutions-oriented, effectively catering to the unique needs of various projects.
On the Map
$11,000,000
Development Site
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Players
Heber City Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93