S3 Capital Partners Provides $6.35 Million Construction Loan For Multifamily Asset In Ithaca
FINANCED
$6,350,000
New York
See Similar DealsMultiFamily56,098 SF
Financed 12/07/2025
FINANCED
S3 Capital Partners Provides $6.35 Million Construction Loan For Multifamily Asset In Ithaca
MultiFamily56,098 SF
Financed 12/07/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$113
Total Square Footage:56,098 SF
Transaction Type:Loan
The property is a multifamily asset located in Ithaca, comprising 56,098 square feet and consisting of 71 units. A loan amount of $6,350,000 was secured for construction purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,350,000
- Loan Type: Construction
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Broker: Raffi Landau - Estreich & Company
- Date: 12/8/2025
Robert Schwartz and Steven Jemal, as representatives of S3 Capital Partners, are engaged in financing multifamily transactions in various markets, focusing on opportunities exceeding $1 million. Raffi Landau from Estreich & Company acted as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,350,000.00
Monthly NOI$42,333.33
Monthly Debt Service$40,136.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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