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1755 John F Kennedy Causeway

Updated May 5, 2026

S3 Capital Provides $344,750,000 Construction Loan For Multifamily Development In North Bay Village
FINANCEDMultiFamily

S3 Capital Provides $344,750,000 Construction Loan For Multifamily Development In North Bay Village

1755 John F Kennedy Causeway

$350,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Apr 29, 2026

About this deal

AI

The property asset involved in this transaction is located at 1755 John F Kennedy Causeway in North Bay Village, FL. It is classified as a multifamily asset with a loan amount of $344,750,000, which is part of a construction and pre-development financing package.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $344,750,000
  • Lender: Robert Schwartz & Steven Jemal - S3 Capital
  • Landlord: The Continuum Company
  • Brokers: Rob Rubano, Steven Sperandio & Ernesto Sanchez - Cushman & Wakefield

The deal involves key players in the financing and brokerage of the multifamily transaction. S3 Capital, represented by Robert Schwartz and Steven Jemal, specializes in providing capital for multifamily transactions with a particular emphasis on loans exceeding $1 million. The brokers from Cushman & Wakefield, Rob Rubano, Steven Sperandio, and Ernesto Sanchez, played an essential role in facilitating this transaction.

On the Map

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$350,000,000

MultiFamily

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Players

Steven Sperandio

Cushman & Wakefield

Broker

$773.9M

vol

21 deals

Broker
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.7B

vol

138 deals

Lender
S3 Capital
S3 CapitalLender
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Miami Beach MultiFamily Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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