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:
- Property Type: Multifamily
- Transaction Amount: $28,500,000
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital
- Loan Type: Acquisition + Construction
- Market: Bushwick, Brooklyn
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
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93