Steven Jemal Of S3 Capital Provides $9.5M Loan For Land Acquisition In Jersey City

The asset involved in this transaction is land located in Jersey City, NJ. The loan amount secured for this acquisition is $9,500,000, which is designated for a future residential development project.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $9,500,000
• Lender: Steven Jemal - S3 Capital
• Loan Type: Acquisition
• Market: Jersey City, NJ

Steven Jemal represents S3 Capital, which is a capital provider focused on financing multifamily transactions and actively seeks loan opportunities exceeding $1 million across various markets, from New York to Texas. The lender has noted the purpose of the loan for land acquisition meant for future residential development.