Aconcagua Group Secures $35 Million Construction Loan From S3 Capital For 162-Unit Multifamily In Homestead

The property asset involved in this transaction is a multifamily development located at 12867 Southwest 248th Street in the Homestead market. It comprises 162 units and is associated with a construction loan amounting to $35,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,000,000
• Lender: S3 Capital
• Borrower: Aconcagua Group
• Landlord's Representatives: Charles Foschini, Christopher Apone & Shannon Wilson - Berkadia
• Loan Type: Construction

This transaction highlights the collaboration between S3 Capital, as the lender, and Aconcagua Group, the borrower, indicating a commitment to development in the multifamily sector. The landlord's representatives, Charles Foschini, Christopher Apone, and Shannon Wilson, are associated with Berkadia, providing expertise in facilitating this loan agreement.