S3 Capital Partners Provides $10M Land Loan For Multifamily Asset In Miami, FL
$10,000,000
$89/SF
Building Size
112,100 SF
Asset Type
MultiFamily
Closing
Oct 27, 2025
AI
The transaction involves a multifamily asset, encompassing 112,100 square feet and comprising 180 units, located in Miami, FL. The loan amount secured for this property was $10,000,000, classified as a land loan with terms spanning 12 months.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Broker: Emile Schachter - WD Capital Group
- Loan Type: Land Loan
- Loan Terms: 12 Months
Key individuals involved in this transaction include Robert Schwartz and Steven Jemal from S3 Capital Partners, known for financing multifamily transactions across various markets, particularly focusing on loan opportunities exceeding $1 million. Emile Schachter from WD Capital Group acted as the broker in this deal.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93