David Grunfeld's GW Infinity Secures $45 Million Construction Loan From Shawn Safdie At S3 Capital For 99-Unit Project

The property involved in this transaction is a 99-unit multifamily project located at 277 North 8th Street in Williamsburg, Brooklyn. The asset is set to undergo leasehold construction, highlighting its intended development focus in the growing market of Williamsburg.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Lender: Shawn Safdie - S3 Capital
• Landlord: David Grunfeld - GW Infinity
• Loan Type: Construction

Shawn Safdie, representing S3 Capital, provided the financing for this project, while David Grunfeld, representing GW Infinity, secured the loan. This transaction represents a significant step in the development of new residential spaces within the Williamsburg area.