Shawn Safdie Of S3 Capital Provides $6,150,000 Acquisition Loan For Land In Williamsburg
$6,150,000
Building Size
—
Asset Type
Development Site
Closing
Apr 26, 2026
AI
The asset involved in this transaction is land located in Williamsburg, Brooklyn. The loan amount for its acquisition is $6,150,000, which supports future residential development plans for the site.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $6,150,000
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Acquisition
- Market: Williamsburg, Brooklyn
- Note from Lender: Land acquisition for a future residential development.
Shawn Safdie represents S3 Capital, a prominent capital provider that finances multifamily transactions in various markets, particularly those exceeding $1 million. For further inquiries, interested parties can contact him directly at [email protected].
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93