S3 Capital Partners Provides $39M Loan For Mixed-Use Property In West New York

The mixed-use property located at 4901 Bergenline Ave in West New York has been involved in a recent closed transaction. The property spans across 105,000 square feet and comprises of 97 residential units and 4 commercial units. The deal, which took place on July 17, 2018, involved financing through a construction loan.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $39,000,000
• Lender: S3 Capital Partners - Robert Schwartz CEO
• Brokers: Steven Jemal - S3 Capital
• Landlord: Bergenline Capital 5112 - Ray Grabato
• Loan Term: 3 years
• Loan-to-Cost: 80%

The financing was provided by S3 Capital Partners, with Robert Schwartz serving as the CEO. The loan, amounting to $39,000,000, has a term of 3 years and a loan-to-cost ratio of 80%. Steven Jemal, representing S3 Capital, acted as the broker for the deal. The landlord involved in the transaction is Bergenline Capital 5112, represented by Ray Grabato.