Updated Oct 19, 2026
Shawn Safdie Of S3 Capital Provides $3,950,000 Loan For Williamsburg Multifamily Renovation
$3,950,000
Units
10
Asset Type
MultiFamily
Closing
Oct 9, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located in Williamsburg, Brooklyn. The loan amount secured for this construction project is $3,950,000, focused on the renovation of an existing building into a 10-unit rental building with retail space included.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $3,950,000
- Loan Type: Construction
- Lender: Shawn Safdie - S3 Capital
- Market: Williamsburg, Brooklyn
- Note from Lender: Renovation of an existing building to a 10-unit rental building with retail.
Shawn Safdie represents S3 Capital, a leading capital provider that actively finances multifamily transactions. The firm focuses on loan opportunities exceeding $1 million and operates across various markets from New York to Texas. For inquiries, contact [email protected].
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93