S3 Capital Provides $15,750,000 Bridge Loan For 32-Unit Multifamily Asset In Prospect Lefferts Gardens

The asset involved in this transaction is a multifamily property located in Prospect Lefferts Gardens, encompassing a total square footage of 113,400. The building consists of 32 units, and the loan amount secured for this transaction is $15,750,000, classified as a bridge loan. The financing is designated as a condo inventory loan specifically for the remaining 32 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,750,000
• Asset Square Footage: 113,400
• Number of Units: 32
• Lender: Steven Jemal - S3 Capital
• Loan Type: Bridge

Steven Jemal represents S3 Capital, which is noted for its active involvement in financing multifamily transactions across various markets, particularly focusing on loan opportunities exceeding $1 million. This loan reflects S3 Capital's commitment to providing capital solutions tailored to multifamily assets.