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S3 Capital Provides $7,250,000 Construction Loan For Berlin Multifamily Property With Adrian Edery & Josh Eliassian As Brokers
FINANCEDMultiFamily

S3 Capital Provides $7,250,000 Construction Loan For Berlin Multifamily Property With Adrian Edery & Josh Eliassian As Brokers

$7,250,000

$226/SF

Building Size

32,060 SF

Asset Type

MultiFamily

Closing

May 7, 2026

AI

The asset involved in the transaction is a Multifamily property located in Berlin, CT, encompassing a total square footage of 32,060 and comprising 32 units. The loan amount secured for this property transaction is $7,250,000, which is designated for construction purposes.

Summary of transaction details:

Robert Schwartz and Steven Jemal from S3 Capital are the lenders facilitating this construction loan. Adrian Edery and Josh Eliassian from Two50 Capital Group represent the brokerage side of the transaction, highlighting the collaborative efforts in financing this multifamily development project.

Players

Adrian Edery

Two50 Capital Group

Broker

$660.7M

vol

40 deals

Broker
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.3B

vol

122 deals

Lender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93