S3 Capital Partners Provides $6.85M Construction Loan For Multifamily Asset In Long Island City

The asset involved in this transaction is a multifamily property located in Long Island City. The property encompasses a total square footage of 8,327 and includes 7 units. The lender for the construction loan is S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. The loan amount is $6,850,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,850,000
• Square Footage: 8,327
• Units: 7
• Market: Long Island City
• Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
• Loan Type: Construction

Robert Schwartz and Steven Jemal work for S3 Capital Partners, which is known for providing capital for multifamily transactions. The firm focuses on financing opportunities exceeding $1 million, covering markets from New York to Texas. For inquiries regarding the loan, interested parties can reach out to Steven Jemal via email at [email protected].