S3 Capital Partners Provides $16 Million Construction Loan For Jersey City Multifamily Project

The asset involved in the transaction is a multifamily property located in Jersey City, NJ, with a total square footage of 45,595 and comprising 69 units. The loan amount secured for this property is $16,000,000, which is categorized under construction financing with a term of 24 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Square Footage: 45,595
• Units: 69
• Market: Jersey City, NJ
• Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
• Broker: Nate Hyman - Polaris Funding & Aaron Sussman - RidgeRock AMG
• Loan Type: Construction
• Loan Terms: 24 Months

The individuals involved in this transaction include Robert Schwartz and Steven Jemal, representing S3 Capital Partners as lenders. The brokerage was represented by Nate Hyman from Polaris Funding and Aaron Sussman from RidgeRock AMG. S3 Capital focuses on financing multifamily transactions in various markets, targeting loan opportunities exceeding $1 million.