Updated Aug 1, 2025
Steven Jemal Of S3 Capital Partners Provides $4.6M Construction Loan For Westwood Multifamily Property
$4,600,000
$159/SF
Building Size
28,911 SF
Asset Type
MultiFamily
Closing
Jul 20, 2025
About this deal
AI
The transaction involves a multifamily property located in Westwood, NJ, encompassing a total square footage of 28,911 and comprising 16 units. The loan amount for this property is set at $4,600,000, categorized as a construction loan with a term of 2 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Square Footage: 28,911
- Units: 16
- Lender: Steven Jemal - S3 Capital Partners
- Loan Type: Construction
- Loan Terms: 2 Years
- Date: 7/21/2025
- Market: Westwood, NJ
Steven Jemal represents S3 Capital Partners, a prominent capital provider engaged in financing multifamily transactions across various markets, particularly from New York to Texas. The focus is on loan opportunities that exceed $1 million. For inquiries, contact Steven at [email protected].
Players
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93