$6.6M Construction Loan Secured By Robert Schwartz & Shawn Safdie For Multifamily Asset In Financial District
$6,600,000
$1,422/SF
Building Size
4,640 SF
Asset Type
MultiFamily
Closing
Nov 13, 2026
AI
This transaction involves a multifamily asset located in the Financial District, comprising 4,640 square feet and consisting of 9 units. The loan amount provided for this construction project is $6,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Loan Type: Construction
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
- Market: Financial District
- Units: 9
- Square Footage: 4,640
Key individuals involved in this transaction include Robert Schwartz and Shawn Safdie, who represent S3 Capital Partners, a leading capital provider focused on financing multifamily transactions, emphasizing opportunities exceeding $1 million.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93