S3 Capital Provides $8,800,000 Construction Loan For Multifamily Property In Brooklyn

The property asset involved is a multifamily asset located at 1532 Bergen Street in Brooklyn. The transaction includes a construction loan amounting to $8,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Lender: S3 Capital
• Landlord's Representative: Israel Mermelstein, Morris Betesh, Louis Halperin & Alan Frastai - Arrow Real Estate Advisors
• Transaction Date: 3/20/2026

Key individuals in this transaction are Israel Mermelstein, Morris Betesh, Louis Halperin, and Alan Frastai, representing the landlord through Arrow Real Estate Advisors. They played a crucial role in facilitating the loan from S3 Capital for the construction project.