Updated Jun 12, 2026
S3 Capital Provides $9,000,000 Construction Loan To KSR Development For Upper West Side Multifamily
$9,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 13, 2026
About this deal
AI
The property involved in this transaction is situated in the Upper West Side of Manhattan, categorized as a multifamily asset. The transaction includes a loan amount of $9,000,000, designated for construction purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital
- Landlord: Ceasar Salama & Greg Dweck - KSR Development
- Loan Type: Construction
- Date of Transaction: 5/14/2026
- Market: Upper West Side, Manhattan
Robert Schwartz and Shawn Safdie represent S3 Capital, a key lender focusing on multifamily transactions and loan opportunities exceeding $1 million. The landlords, Ceasar Salama and Greg Dweck, are affiliated with KSR Development.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93