S3 Capital Partners Secures $2.6M Refinance And Construction Loan For 17-Unit Multifamily In Miami
FINANCED
$2,600,000
Florida
See Similar DealsMultiFamily8,500 SF
Financed 11/01/2024
FINANCED
S3 Capital Partners Secures $2.6M Refinance And Construction Loan For 17-Unit Multifamily In Miami
MultiFamily8,500 SF
Financed 11/01/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:8,500 SF
Transaction Type:Loan
The asset involved in the transaction is a multifamily property located in Miami, FL, comprising 8,500 square feet and a total of 17 units. The loan amount for this property is $2,600,000 with a loan type categorized as refinance and construction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Market: Miami, FL
- Asset Size: 8,500 SF
- Units: 17
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Broker: Christopher J. Calabrese - The CS Organization
Key individuals in the transaction include Robert Schwartz and Steven Jemal, representing S3 Capital Partners as the lenders, while Christopher J. Calabrese from The CS Organization serves as the broker for the deal. Note from the lender indicates inquiries regarding the loan can be directed to Steven Jemal at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,600,000.00
Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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