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

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FINANCED
$49,000,000

New Jersey

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MultiFamily
Financed 03/04/2026
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Property Image
FINANCED

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

523 Main Street

See Similar Deals
MultiFamily
Financed 03/04/2026
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Max Ralby
74 deals$3.8B volume
BROKER

S3 Capital
LENDER

Lee Cohen
25 deals$299M volume
LANDLORD

Details

FINANCED
IMAGE: Max Ralby & Lee Cohen DATE: 03/04/2026 ADDRESS: 315 Hume St., 408 Lake Dr. & 500-523 Main St. MARKET: Allenhurst ASSET TYPE: Multifamily (For Sale Townhome) LENDER: S3 Capital Partners (@S3Capital) LANDLORD: Lee Cohen (@TheLeeCohen) - RedHoek (@RedHoek) BROKER: Max Ralby (@MaxRalby) - Newmark (@Newmark) LOAN AMOUNT: $49,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$49,000,000.00

Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00