Steven Jemal Of S3 Capital Provides $8,200,000 Construction Loan For Guttenberg MultiFamily Development

A loan transaction was completed for the construction of a 31-unit residential development in Guttenberg, NJ. The loan amount allocated for this project is $8,200,000, and it falls under the multifamily asset type. The loan is categorized as a construction loan, designated to facilitate ground-up construction efforts.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $8,200,000
• Loan Type: Construction
• Lender: Steven Jemal - S3 Capital
• Date of Loan: 09/08/2026

Steven Jemal, representing S3 Capital, is involved in financing multifamily transactions across a broad geographic range, from New York to Texas. S3 Capital specializes in loan opportunities that exceed $1 million, highlighting its active role in significant real estate ventures. The note from the lender underscores the focus on ground-up construction for the residential development project.