S3 Capital Partners Provides $15.5 Million Construction Loan For Davenport Multifamily Asset
$15,500,000
$124/SF
Building Size
124,828 SF
Asset Type
MultiFamily
Closing
Dec 30, 2025
AI
The transaction involves a multifamily asset located in Davenport, FL, consisting of 82 units, with a total square footage of 124,828. The loan provided amounts to $15,500,000 and is categorized as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Loan Type: Construction
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Loan Date: 12/31/2025
- Market: Davenport, FL
Robert Schwartz and Steven Jemal, representatives from S3 Capital Partners, facilitated the lending process, reflecting their active role in financing multifamily transactions across various markets, including states from New York to Texas. They focus on loan opportunities exceeding $1 million.
Players
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93