S3 Capital Provides $2.4M Construction Loan For Bed-Stuy Multifamily Development

The loan for the development of a new 10-unit building at 727 DeKalb Avenue in Bed-Stuy, Brooklyn has been secured by Jacob Leifer, the landlord. The loan was provided by S3 Capital for a total amount of $2,400,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Lender: S3 Capital
• Landlord: Jacob Leifer
• Address: 727 DeKalb Avenue
• Market: Bed-Stuy, Brooklyn

This deal was made possible through a construction loan, enabling the development of a new 10-unit building.