Updated Jul 1, 2026
S3 Capital Provides $41,000,000 Construction Loan For Multifamily Development In Crestwood, MO
$41,000,000
$148/SF
Building Size
276,655 SF
Asset Type
MultiFamily
Closing
Jun 16, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily development located in Crestwood, St. Louis, MO. It encompasses a total square footage of 276,655 across 299 units, facilitating a robust residential offering in the area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $41,000,000
- Loan Type: Construction
- Lender: Robert Schwartz & Steven Jemal - S3 Capital
- Market: Crestwood - St. Louis, MO
The deal marks the first construction loan for S3 Capital in Missouri, establishing their presence in the local market. Robert Schwartz and Steven Jemal play pivotal roles in this transaction, representing S3 Capital as a leading provider of financing solutions for multifamily transactions across various markets.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93