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S3 Capital Partners Provide $8M Refinance & Construction Loan In Bedford-Stuyvesant

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FINANCED
$8,000,000

New York

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MultiFamily
Financed 02/19/2024
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Property Image
FINANCED

S3 Capital Partners Provide $8M Refinance & Construction Loan In Bedford-Stuyvesant

MultiFamily
Financed 02/19/2024
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property in Bedford-Stuyvesant, Brooklyn consists of 20 units. The loan, facilitated by Robert Schwartz and Shawn Safdie of S3 Capital Partners, amounted to $8,000,000 for refinance and construction purposes. Hershy Werzberger from Liberty Capital Group acted as the broker in this transaction.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $8,000,000
  • Market: Bedford-Stuyvesant, Brooklyn
  • Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
  • Broker: Hershy Werzberger - Liberty Capital Group
  • Loan Type: Refinance and Construction
  • Units: 20

For any loan inquiries, individuals are advised to contact Shawn Safdie at [email protected]. Robert Schwartz and Shawn Safdie from S3 Capital Partners took the lead in arranging the substantial loan, ensuring the successful refinancing and construction financing for the multifamily property in the vibrant Bedford-Stuyvesant neighborhood. Hershy Werzberger's expertise at Liberty Capital Group was pivotal in brokering this significant deal.

Players

Hershy Werzberger
4 deals$165.5M volume(917) 753-1594
BROKER

S3 Capital
LENDER

Details

FINANCED
IMAGE: Robert Schwartz DATE: 02/19/2024 MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 20 LENDER: Robert Schwartz & Shawn Safdie - S3 Capital Partners (@S3Capital) BROKER: Hershy Werzberger - Liberty Capital Group LOAN AMOUNT: $8,000,000 LOAN TYPE: Refinance and Construction NOTE FROM LENDER: Please reach out to Shawn Safdie at [email protected] with any loan inquiries.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,000,000.00

Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00