S3 Capital Partners Provides $21 Million Construction Loan For Multifamily Property In Park Slope
FINANCED
$21,000,000
New York
See Similar DealsMultiFamily42,048 SF
Financed 05/14/2025
FINANCED
S3 Capital Partners Provides $21 Million Construction Loan For Multifamily Property In Park Slope
MultiFamily42,048 SF
Financed 05/14/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$499
Total Square Footage:42,048 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Park Slope, Brooklyn. It comprises 42,048 square feet and includes 32 units. The loan amount secured for this asset totals $21,000,000, with a loan type classified as construction and terms set for 30 months.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Asset Square Footage: 42,048
- Units: 32
- Market: Park Slope, Brooklyn
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
- Loan Type: Construction
- Loan Terms: 30 Months
Robert Schwartz and Shawn Safdie are the representatives from S3 Capital Partners, which is a leading capital provider known for financing multifamily transactions across various markets, particularly targeting loan opportunities that exceed $1 million.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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