Updated Oct 29, 2024
S3 Capital Partners Provides $6.5M Acquisition & Construction Loan For Multifamily Property In Brooklyn Heights
$6,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2023
About this deal
AI
A multifamily property in Brooklyn Heights has recently undergone a closed transaction involving a loan from S3 Capital Partners. The property, whose specific details have not been mentioned, was acquired with the help of a $6,500,000 loan, which also includes funds for construction purposes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Market: Brooklyn Heights
The loan was provided by S3 Capital Partners, with Robert Schwartz and Steven Jemal representing the lending agency. For any inquiries related to the loan, interested parties can reach out to Steven Jemal at [email protected].
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93