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S3 Capital Partners complet...

Updated Oct 29, 2024

S3 Capital Partners Provides $16M Construction Loan For Bushwick Multifamily Project
FINANCEDMultiFamily

S3 Capital Partners Provides $16M Construction Loan For Bushwick Multifamily Project

$16,000,000

$320,000/SF

Building Size

50 SF

Asset Type

MultiFamily

Closing

Jan 6, 2023

About this deal

AI

The recent closed property transaction in Bushwick, Brooklyn involved a multifamily asset spanning over 50,500 square feet. The loan for the transaction was provided by S3 Capital Partners, with a total amount of $16,000,000. The loan type for this transaction was construction, indicating that the funds were allocated for the development or renovation of the property.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $16,000,000
  • Lender: S3 Capital Partners - Robert Schwartz & Shawn Safdie

The key individuals and companies involved in this deal were Robert Schwartz and Shawn Safdie, representing S3 Capital Partners as the lender. They played a crucial role in facilitating the loan for this multifamily property transaction in Bushwick, Brooklyn.

Players

Shawn Safdie

S3 Capital

Lender

$2B

vol

91 deals

Lender
S3 Capital
S3 CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $320K per square foot on a published $16M for 50 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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