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:
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Market: Berlin, CT
- Lender: Robert Schwartz & Steven Jemal - S3 Capital
- Brokers: Adrian Edery & Josh Eliassian - Two50 Capital Group
- Loan Type: Construction
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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