Steven Jemal Of S3 Capital Provides $2,950,000 Loan For Wynwood-Norte MultiFamily Development
$2,950,000
$282/SF
Building Size
10,452 SF
Asset Type
MultiFamily
Closing
Jul 10, 2026
AI
The property asset involved in the transaction is a multi-family building located in Wynwood-Norte, Miami. It comprises 17 units within a total square footage of 10,452. The loan amount associated with this development is $2,950,000, categorized as a construction loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,950,000
- Asset Type: MultiFamily
- Square Footage: 10,452
- Units: 17
- Lender: Steven Jemal - S3 Capital
- Loan Type: Construction
The loan is intended for the ground-up development of a 17-unit rental building. Steven Jemal, representing S3 Capital, is noted as a leading capital provider active in financing multi-family transactions across various markets with a focus on 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93