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Loan · MultiFamily

Updated Oct 13, 2026

Shawn Safdie Of S3 Capital Provides $2,200,000 Loan For Gramercy Park Multifamily Renovation
FINANCEDMultiFamily

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

Shawn Safdie

S3 Capital

Lender

$2.1B

vol

99 deals

Lender
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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

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