S3 Capital Partners Provides $8.7M Refinance And Construction Loan For Fort Lauderdale Multifamily Property
FINANCED
$8,700,000
Florida
See Similar DealsMultiFamily27,700 SF
Financed 09/17/2024
FINANCED
S3 Capital Partners Provides $8.7M Refinance And Construction Loan For Fort Lauderdale Multifamily Property
MultiFamily27,700 SF
Financed 09/17/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:27,700 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Fort Lauderdale, FL. It encompasses a total of 27,700 square feet and comprises 6 units, with the transaction structured as a refinance and construction loan amounting to $8,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,700,000
- Market: Fort Lauderdale, FL
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Broker: Ken Klein - Klein Kapital Advisors
- Loan Type: Refinance + construction
The key individuals involved in the deal include Robert Schwartz and Steven Jemal from S3 Capital Partners, who served as the lenders, while Ken Klein from Klein Kapital Advisors acted as the broker for the transaction. A note from the lender mentions that inquiries regarding the loan should be directed to Steven at [email protected].
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,700,000.00
Monthly NOI$58,000.00
Monthly Debt Service$54,989.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions