S3 Capital Partners Provides $5.25M Construction Loan For Multifamily Asset In Tenafly NJ

The asset involved in this transaction is a multifamily property located in Tenafly, NJ, with a total square footage of 27,272 and comprising 18 units. The loan amount secured for this property is $5,250,000, categorized as a construction loan with a term of 24 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,250,000
• Asset Market: Tenafly, NJ
• Square Footage: 27,272
• Units: 18
• Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
• Brokers: Matt Swerdlow & Matt Dzbanek - Ariel Property Advisors
• Loan Type: Construction
• Loan Terms: 24 Months

The key individuals involved in this transaction include lenders Robert Schwartz and Steven Jemal from S3 Capital Partners, who are recognized as leading capital providers in the multifamily financing sector. The transaction was brokered by Matt Swerdlow and Matt Dzbanek, representatives from Ariel Property Advisors, contributing their expertise in the market.