Updated Oct 13, 2026
Shawn Safdie Of S3 Capital Provides $2,200,000 Loan For Gramercy Park Multifamily Renovation
$2,200,000
Units
15
Asset Type
MultiFamily
Closing
Sep 30, 2026
About this deal
AI
The transaction involves a multifamily asset located in Gramercy Park, which consists of an existing rental building with a total of 15 units. The loan amount secured for this property is $2,200,000, specifically categorized as a construction loan to facilitate renovations.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Construction
- Note from Lender: Renovation of an existing 15-unit Rental Building
Shawn Safdie from S3 Capital represents the lender and is involved in actively financing multifamily transactions across markets ranging from New York to Texas, focusing on loan opportunities exceeding $1 million.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93