S3 Capital Partners Provides $5.3M Construction Loan For Multifamily Property In Brooklyn
FINANCED
New York
See Similar DealsMultiFamily6,768 SF
Financed
Summary
Asset Type:MultiFamily
Price Per Square Foot:$783
Total Square Footage:6768 SF
Transaction Type:Loan
The transaction involves a multifamily asset located in Brooklyn. The property spans 6,768 square feet and comprises 10 units. A construction loan of $5,300,000 has been secured for this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Market: Brooklyn
- Loan Type: Construction
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
Robert Schwartz and Shawn Safdie from S3 Capital Partners facilitated the loan for this multifamily transaction, demonstrating their role as capital providers actively financing similar deals across various markets, including New York and Texas.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,300,000.00
Monthly NOI$35,333.33
Monthly Debt Service$33,499.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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