S3 Capital Provides $28,000,000 Construction Loan For Mixed-Use Property In Union Square Manhattan

The transaction involves a mixed-use asset located in Union Square, Manhattan, comprising a total of 35 units. The loan amount secured for construction purposes is $28,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $28,000,000
• Lender: Robert Schwartz & Shawn Safdie - S3 Capital
• Landlord: Aron Stark - MSH Equities
• Loan Type: Construction
• Date: 4/30/2026
• Market: Union Square, Manhattan

Robert Schwartz and Shawn Safdie from S3 Capital are noted as the lenders for this transaction, highlighting their role as active capital providers in the multifamily financing sector. S3 Capital focuses on loan opportunities that exceed $1 million across various markets, including New York to Texas.