Updated Apr 1, 2025
Shawn Safdie Of S3 Capital Provides $23 Million Construction Loan For Brooklyn Multifamily Property
$23,000,000
$23,000,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Mar 18, 2025
About this deal
AI
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
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93