Shawn Safdie Of S3 Capital Provides $23 Million Construction Loan For Brooklyn Multifamily Property
FINANCED
$23,000,000
New York
See Similar DealsMultiFamily1 SF
Financed 03/18/2025
FINANCED
Shawn Safdie Of S3 Capital Provides $23 Million Construction Loan For Brooklyn Multifamily Property
MultiFamily1 SF
Financed 03/18/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$23,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The transaction involves a multifamily asset located in the Brooklyn market, intended for construction financing. The loan amount is noted at $23,000,000, facilitating the development of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Lender: Shawn Safdie - S3 Capital
- Broker: Alan Friedman - Meridian Capital Group
- Loan Type: Construction
- Date: 03/18/2025
The individuals involved in this transaction include Shawn Safdie representing S3 Capital, who is providing the construction loan, and Alan Friedman of Meridian Capital Group, serving as the broker for this deal. For financing solutions, Alan Friedman can be contacted at [email protected] or by phone at 212 612 0253 and 347 512 4069.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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