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Bushwick

S3 Capital Lends $28.5 Million For Acquisition And Construction Of 80 Unit Multifamily In Bushwick
FINANCEDMultiFamily

S3 Capital Lends $28.5 Million For Acquisition And Construction Of 80 Unit Multifamily In Bushwick

$28,500,000

Building Size

Asset Type

MultiFamily

Closing

May 28, 2026

AI

The transaction involves a multifamily asset in Bushwick, Brooklyn, consisting of 80 units. The deal was financed through an acquisition and construction loan provided by S3 Capital for a total amount of $28,500,000.

Summary of transaction details:

Robert Schwartz and Shawn Safdie are noted as the lenders representing S3 Capital, a company active in financing multifamily transactions across various markets, specifically focusing on loan opportunities exceeding $1 million. For inquiries, interested parties can reach out to Shawn via email at [email protected].

Players

Shawn Safdie

S3 Capital

Lender

$1.9B

vol

83 deals

Lender

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

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93