Updated Jun 3, 2026
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
About this deal
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:
- 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.
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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93