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S3 Capital Partners Provide...

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

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

$8,000,000

Units

20

Asset Type

MultiFamily

Closing

Feb 19, 2024

AI

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

Liberty Capital Group

Broker

$165.5M

vol

4 deals

Broker
S3 Capital
S3 CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93