Updated Nov 28, 2024
S3 Capital Partners Provides $14.25M Construction Loan For MultiFamily Property In Park Slope, Brooklyn
$14,250,000
$570/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jan 18, 2023
About this deal
AI
The multi-family property located in Park Slope, Brooklyn has recently undergone a closed transaction. The loan for this property was facilitated by S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie. The loan amount provided for the construction of the property amounted to $14,250,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $14,250,000
- Lender: S3 Capital Partners - Robert Schwartz & Shawn Safdie
- Loan Type: Construction
Robert Schwartz and Shawn Safdie of S3 Capital Partners played a pivotal role in facilitating the loan for this multi-family property in Park Slope, Brooklyn. Their expertise and involvement in the construction loan show their commitment to supporting real estate development in the area.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93