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S3 Capital Partners Provides $10.95M Construction Loan For Greenpoint Multifamily

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FINANCED
$10,950,000

New York

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MultiFamily18,000 SF
Financed 01/25/2022
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FINANCED

S3 Capital Partners Provides $10.95M Construction Loan For Greenpoint Multifamily

540 Graham Avenue, Brooklyn, New York 11222, United States

See Similar Deals
MultiFamily18,000 SF
Financed 01/25/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:18,000 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 540-542 Graham Ave., in the Greenpoint market of Brooklyn. The property has a total square footage of 18,000 and consists of 25 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,950,000
  • Market: Greenpoint, Brooklyn
  • Address: 540-542 Graham Ave.
  • Square Footage: 18,000
  • Units: 25

The lender involved in this transaction is S3 Capital Partners, represented by Robert Schwartz and Andrew Yakubovich. The loan amount provided for this transaction is $10,950,000, and it is a construction loan. The landlord for this property is Greenline Real Estate, represented by Gilad Tamir and Adam Greenberg.

Note from lender: To learn more about S3 Capital Partners lending program, please email Andrew ([email protected]) for all your loan inquiries.

Players

LENDER

Adam Greenberg
7 deals$131.4M volume
LANDLORD

Gilad Tamir
7 deals$140.7M volume
LANDLORD

Details

FINANCED
IMAGE: Gilad Tamir, Adam Greenberg, Robert Schwartz & Andrew Yakubovich DATE: 01/24/2022 ADDRESS: 540-542 Graham Ave. MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ SF: 18,000 ~ UNITS: 25 LENDER: S3 Capital Partners - Robert Schwartz & Andrew Yakubovich (@AYakubovich) LANDLORD: Greenline Real Estate - Gilad Tamir & Adam Greenberg LOAN AMOUNT: $10,950,000 LOAN TYPE: Construction NOTE FROM LENDER: To learn more about S3 Capital Partners lending program, please email Andrew ([email protected]) for all your loan inquiries

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,950,000.00

Monthly NOI$73,000.00
Monthly Debt Service$69,211.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00