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S3 Capital Partners complet...

Updated Oct 29, 2024

S3 Capital Partners Provides $1.7M Construction Completion Loan For Multifamily Property In Williamsburg, Brooklyn
FINANCEDMultiFamily

S3 Capital Partners Provides $1.7M Construction Completion Loan For Multifamily Property In Williamsburg, Brooklyn

$1,700,000

Building Size

Asset Type

MultiFamily

Closing

Sep 5, 2023

About this deal

AI

A construction completion loan of $1,700,000 has been secured for a multifamily property in Williamsburg, Brooklyn. The loan was provided by S3 Capital Partners, with Robert Schwartz and Shawn Safdie representing the lender.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Lender: S3 Capital Partners
  • Lender Representative: Robert Schwartz & Shawn Safdie
  • Loan Type: Construction Completion

Notable individuals involved in the transaction include Robert Schwartz and Shawn Safdie, who represented S3 Capital Partners as the lenders. The loan amount of $1,700,000 will be utilized for the completion of the construction project for the multifamily property located in Williamsburg, Brooklyn.

Players

Shawn Safdie

S3 Capital

Lender

$2B

vol

90 deals

Lender
S3 Capital
S3 CapitalLender

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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