Updated Oct 29, 2024
S3 Capital Partners Provides $8.75M Construction Loan For Multifamily Property In Williamsburg, Brooklyn
$8,750,000
$660/SF
Building Size
13,250 SF
Asset Type
MultiFamily
Closing
Dec 29, 2022
About this deal
AI
A construction loan of $8,750,000 has been secured by S3 Capital Partners in Williamsburg, Brooklyn. The loan is for a multifamily property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,750,000
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, provided the construction loan for the property. For any loan inquiries, Steven Jemal can be contacted at [email protected].
S3 Capital Partners Provides $8.75M Construction Loan For Multifamily Property In Williamsburg, Brooklyn is logged as a multifamily loan on Traded (2022). The building is 13,250 square feet, implying about 660 per square foot on the published price. Named participants on the S3 Capital Partners Provides $8.75M Construction Loan For Multifamily Property In Williamsburg, Brooklyn loan are Steven Jemal, Robert Schwartz. This page is the market file for the S3 Capital Partners Provides $8.75M Construction Loan For Multifamily Property In Williamsburg, Brooklyn multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this S3 Capital Partners Provides $8.75M Construction Loan For Multifamily Property In Williamsburg, Brooklyn loan when underwriting similar multifamily product.
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93