S3 Capital Partners Provides $15.5 Million Construction Loan For Davenport Multifamily Asset
FINANCED
Florida
See Similar DealsMultiFamily124,828 SF
Financed
Summary
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:124,828 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,500,000.00
Monthly NOI$103,333.33
Monthly Debt Service$97,970.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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