S3 Capital Provides $10,250,000 Construction Loan For Newington MultiFamily Asset With Adrian Edery & Josh Eliassian
FINANCED
$10,250,000
+ 1
Connecticut
See Similar DealsMultiFamily50,350 SF
Financed 05/07/2026
FINANCED
S3 Capital Provides $10,250,000 Construction Loan For Newington MultiFamily Asset With Adrian Edery & Josh Eliassian
MultiFamily50,350 SF
Financed 05/07/2026
+ 1
Summary
Asset Type:MultiFamily
Price Per Square Foot:$203
Total Square Footage:50,350 SF
Transaction Type:Loan
The transaction involves a multifamily asset located in Newington, CT, with a total square footage of 50,350 and comprising 40 units. The loan amount secured for this property is $10,250,000, classified under construction loan type.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,250,000
- Asset Square Footage: 50,350
- Number of Units: 40
- Lender: Robert Schwartz & Steven Jemal - S3 Capital
- Brokers: Adrian Edery & Josh Eliassian - Two50 Capital Group
Key individuals involved in the transaction include Robert Schwartz and Steven Jemal, representing S3 Capital, a leading capital provider financing multifamily transactions across markets. The brokers for this deal are Adrian Edery and Josh Eliassian from Two50 Capital Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,250,000.00
Monthly NOI$68,333.33
Monthly Debt Service$64,786.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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