Bruce Sturman Secures $255 Million Construction Loan From S3 Capital Partners For 381-Unit Multifamily In Edgewater, NJ

The property asset involved in this transaction is a multifamily building located at 615 River Road in Edgewater, NJ, comprising 381 units. The transaction reflects a loan amount of $255,000,000, categorized under construction financing.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $255,000,000
• Address: 615 River Road
• Market: Edgewater, NJ
• Units: 381
• Lender: Robert Schwartz, Steven Jemal & Shawn Safdie - S3 Capital Partners
• Landlord: Bruce Sturman
• Broker: Henry Bodek - Galaxy Capital
• Loan Type: Construction

The key individuals involved in this transaction include Robert Schwartz, Steven Jemal, and Shawn Safdie, who represent S3 Capital Partners, a capital provider that specializes in financing multifamily transactions. The landlord of the property is Bruce Sturman, and the brokerage representation is handled by Henry Bodek from Galaxy Capital. S3 Capital actively focuses on loan opportunities exceeding $1 million.