S3 Capital Provides $25 Million Construction Loan For 26-unit Condo Building In Delray Beach

The asset involved in this transaction is a condo building located in Delray Beach, FL. This property is part of a ground-up construction project comprising 26 units along with retail space. The project is being financed with a construction loan amounting to $25,000,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $25,000,000
• Lender: Steven Jemal - S3 Capital
• Loan Type: Construction
• Note from Lender: Ground-up Construction of a 26-unit Condo Building with retail

Steven Jemal represents S3 Capital, a notable capital provider specializing in financing multifamily transactions. The company focuses on loan opportunities exceeding $1 million across various markets from New York to Texas.