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Brooklyn

S3 Capital Provides $7,100,000 Construction Loan For Brooklyn Multifamily Asset Of 12,954 SF
FINANCEDMultiFamily

S3 Capital Provides $7,100,000 Construction Loan For Brooklyn Multifamily Asset Of 12,954 SF

$7,100,000

$548/SF

Building Size

12,954 SF

Asset Type

MultiFamily

Closing

Apr 19, 2026

AI

The property asset involved in this transaction is a multifamily building located in Brooklyn, with a total square footage of 12,954. A construction loan was secured, amounting to $7,100,000.

Summary of transaction details:

Key individuals involved in this deal include Robert Schwartz, Shawn Safdie, and Steven Jemal, all representing S3 Capital, which is a leading provider of capital actively financing multifamily transactions across various markets. Their focus is primarily on loan opportunities exceeding $1 million. For any inquiries, interested parties can contact [email protected].

Players

Steven Jemal

S3 Capital

Lender

$3.4B

vol

125 deals

Lender
S3 Capital
S3 CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93