Updated Jan 29, 2026
S3 Capital Partners Provides $4.5M Construction Loan For Flushing Multifamily Property
$4,500,000
$522/SF
Building Size
8,611 SF
Asset Type
MultiFamily
Closing
Dec 18, 2025
About this deal
AI
The transaction involves a multifamily asset located in Flushing, consisting of 8,611 square feet and comprising 14 units. The loan amount for this property was $4,500,000, classified as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Square Footage: 8,611
- Units: 14
- Market: Flushing
- Lender: Steven Jemal - S3 Capital Partners
- Loan Type: Construction
Steven Jemal of S3 Capital Partners is the key lender involved in the transaction, representing a firm that specializes in financing multifamily transactions. S3 Capital actively seeks loan opportunities exceeding $1 million across various markets, from New York to Texas. For inquiries, interested parties can contact [email protected].
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93