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Bay Harbor Islands

Updated Jul 8, 2025

S3 Capital Partners Provides $30.5 Million Construction Loan For 27-Unit Multifamily Project In Bay Harbor Islands
FINANCEDMultiFamily

S3 Capital Partners Provides $30.5 Million Construction Loan For 27-Unit Multifamily Project In Bay Harbor Islands

$30,500,000

Units

27

Asset Type

MultiFamily

Closing

Jun 19, 2025

About this deal

AI

The asset involved in this transaction is a multifamily property comprising 27 units located in the Bay Harbor Islands market. A construction loan was secured for the development with a total amount of $30,500,000, structured for a duration of 2 years.

Summary of transaction details:

The key individuals involved in the deal include Robert Schwartz and Steven Jemal representing S3 Capital Partners as the lenders, while Mauricio Moya and Sergio Guzmán act as the developers of the multifamily property. The brokerage representation includes Mauricio Ordoñez and Gaston Schneider from Q Kapital Group, along with Carlos Vázquez from Nexos Invest.

Players

Mauricio Ordoñez

Q Kapital Group

Broker

$84.6M

vol

7 deals

Broker
Q Kapital Group
Q Kapital GroupBrokerage
Nexos Invest
Nexos InvestBrokerage
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.7B

vol

138 deals

Lender
S3 Capital
S3 CapitalLender
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Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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