Shawn Safdie Of S3 Capital Provides $8.15M Renovation Loan For 12-Unit Condo In Fort Greene

This transaction involves a multi-family asset located in Fort Greene, Brooklyn, with a total square footage of 11,184 and 12 units. The loan amount secured for this property is $8,150,000, designated for renovation purposes, specifically to convert an existing building into a 12-unit condominium.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $8,150,000
• Loan Type: Renovation
• Lender: Shawn Safdie
• Lender Agency: S3 Capital
• Market: Fort Greene, Brooklyn
• Units: 12
• Square Footage: 11,184

Shawn Safdie from S3 Capital acts as the lender in this transaction. S3 Capital is recognized as a leading capital provider that actively finances multifamily transactions across markets from New York to Texas, with a focus on loan opportunities exceeding $1 million. The loan is intended for the conversion of an existing building to a 12-unit condo building.