S3 Capital Partners Provides $49.5 Million Construction Loan For Miami Beach Condo
$49,500,000
Building Size
—
Asset Type
Condo
Closing
Oct 22, 2025
AI
The transaction involves a construction loan for a condo located in the Miami Beach market. The loan amount secured for this project is $49,500,000, which signifies a substantial investment in the real estate sector within this region.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $49,500,000
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Broker: Baruch (BJ) Litwin - GLJ Real Estate
- Loan Type: Construction
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, is recognized as a leading capital provider in the multifamily transaction market, focusing on opportunities exceeding $1 million nationwide. The brokerage services for this transaction were facilitated by Baruch (BJ) Litwin from GLJ Real Estate.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93