Lee Cohen Of RedHoek Secures $49 Million Construction Loan From S3 Capital For Multifamily Development

The asset involved in the transaction is a multifamily property type, specifically a townhome, located at 315 Hume St., 408 Lake Dr., and 500-523 Main St. in the Allenhurst market. The loan amount for this transaction is $49,000,000, categorized under construction financing.

Summary of transation details:

• Property Type: Multifamily (For Sale Townhome)
• Transaction Amount: $49,000,000
• Lender: S3 Capital Partners
• Landlord: Lee Cohen - RedHoek
• Broker: Max Ralby - Newmark
• Loan Type: Construction

This transaction includes key participants such as Lee Cohen, serving as the landlord, and Max Ralby, acting as the broker for the deal. S3 Capital Partners is the lending entity facilitating the construction loan for the multifamily asset.