Steven Jemal Of S3 Capital Provides $19,500,000 Construction Loan For 2901 Indian Creek Drive
2901 Indian Creek Drive
$19,500,000
Building Size
—
Asset Type
Other
Closing
Sep 30, 2026
About this deal
AI
The asset involved in this transaction is located at 2901 Indian Creek Drive in Miami Beach, FL. It is categorized as an 'Other' asset type and pertains to a construction loan with a total loan amount of $19,500,000.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $19,500,000
- Lender: Steven Jemal - S3 Capital
- Debt Brokers: Drew Anderman, AJ Bruno & Jackson Demet - CBRE
- Loan Type: Construction
- Date of Transaction: 09/30/2026
Steven Jemal represented S3 Capital in the lending process, while Drew Anderman, AJ Bruno, and Jackson Demet served as debt brokers from CBRE, facilitating the loan transaction.
On the Map
$19,500,000
Other
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Players
Miami Beach Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93