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S3 Capital Partners provide...

Updated Dec 4, 2024

Robert Schwartz & Shawn Safdie's S3 Capital Partners Provides $3.9M Loan For Bed-Stuy Multifamily Acquisition & Construction
FINANCEDMultiFamily

Robert Schwartz & Shawn Safdie's S3 Capital Partners Provides $3.9M Loan For Bed-Stuy Multifamily Acquisition & Construction

$3,900,000

$475/SF

Building Size

8,200 SF

Asset Type

MultiFamily

Closing

Oct 19, 2023

About this deal

AI

A multifamily property located in Bed-Stuy, Brooklyn with a total square footage of 8,200 and consisting of 10 units has recently undergone a loan transaction. The loan was issued for both acquisition and construction purposes.

Summary of transaction details

Robert Schwartz and Shawn Safdie of S3 Capital Partners have funded the loan with a total amount of $3,900,000. As lenders, they played a crucial role in facilitating the acquisition and construction of the multifamily property in Bed-Stuy, 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 $475 per square foot on a published $3.9M for 8,200 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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