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Newington

S3 Capital Provides $10,250,000 Construction Loan For Newington MultiFamily Asset With Adrian Edery & Josh Eliassian
FINANCEDMultiFamily

S3 Capital Provides $10,250,000 Construction Loan For Newington MultiFamily Asset With Adrian Edery & Josh Eliassian

$10,250,000

$203/SF

Building Size

50,350 SF

Asset Type

MultiFamily

Closing

May 7, 2026

AI

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:

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.

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

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93