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Allenhurst, NJ

S3 Capital Partners Provides $49 Million Construction Loan To Landlord Lee Cohen In Allenhurst NJ
FINANCEDMultiFamily

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:

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

Steven Jemal

S3 Capital

Lender

$3.5B

vol

127 deals

Lender
S3 Capital
S3 CapitalLender
Lee Cohen

Lee Cohen

Landlord

$299M

vol

25 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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