S3 Capital Partners Provides $49 Million Construction Loan To Landlord Lee Cohen In Allenhurst NJ
$49,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 3, 2026
AI
The transaction involves a multifamily asset located in Allenhurst, NJ. The loan amount secured for this property is $49,000,000 and is classified as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Lender: Robert Schwartz, Shawn Safdie & Steven Jemal - S3 Capital Partners
- Landlord: Lee Cohen - Redhoek+
- Loan Type: Construction
S3 Capital Partners, represented by Robert Schwartz, Shawn Safdie, and Steven Jemal, is known for actively financing multifamily transactions across various markets, focusing on loans exceeding $1 million. Lee Cohen from Redhoek+ is the landlord associated with this loan transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93