S3 Capital Partners Secures $32.5 Million Refinance Loan For Brooklyn Multifamily Asset
FINANCED
New York
See Similar DealsMultiFamily119,087 SF
Financed 08/18/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:119,087 SF
Transaction Type:Loan
This transaction involves a multifamily asset with a total square footage of 119,087, located in the Brooklyn market. The loan amount secured for this asset is $32,500,000, structured as a refinance with a term of 2 years.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Loan Type: Refinance
- Loan Terms: 2 Years
- Lender: Robert Schwartz, Steven Jemal & Shawn Safdie - S3 Capital Partners
- Broker: Henry Bodek - Galaxy Capital
The key individuals involved in this transaction include Robert Schwartz, Steven Jemal, and Shawn Safdie, representing S3 Capital Partners as the lenders. Henry Bodek from Galaxy Capital served as the broker in this deal.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,500,000.00
Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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