Updated Oct 6, 2026
Shawn Safdie Of S3 Capital Provides $4,750,000 Construction Loan For MultiFamily In East Flatbush
$4,750,000
Units
19
Asset Type
MultiFamily
Closing
Sep 23, 2026
About this deal
AI
The property asset involved in the transaction is a 19-unit apartment building located in East Flatbush, Brooklyn. The transaction pertains to a loan amount of $4,750,000 designated for construction purposes.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,750,000
- Loan Type: Construction
- Lender: Shawn Safdie - S3 Capital
- Market: East Flatbush, Brooklyn
Shawn Safdie, representing S3 Capital, is noted for actively financing multifamily transactions across various markets, particularly with a focus on loan opportunities exceeding $1 million. The loan is specifically allocated for the ground-up construction of the apartment building.
Players
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93