Steven Jemal Of S3 Capital Partners Provides $4.6M Construction Loan For Multifamily In Allapattah
FINANCED
$4,600,000
Florida
See Similar DealsMultiFamily8,910 SF
Financed
FINANCED
Steven Jemal Of S3 Capital Partners Provides $4.6M Construction Loan For Multifamily In Allapattah
MultiFamily8,910 SF
Financed
Summary
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:8910 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Allapattah, FL, featuring a total square footage of 8,910 and comprising 27 units. The loan amount secured for this construction financing is $4,600,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Asset Size: 8,910 SF
- Units: 27
- Market: Allapattah, FL
- Lender: Steven Jemal - S3 Capital Partners
- Loan Type: Construction
Steven Jemal represents S3 Capital Partners, which is a leading capital provider financing multifamily transactions in various markets including New York to Texas, focusing on opportunities exceeding $1 million. For inquiries, he can be contacted at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,600,000.00
Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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