S3 Capital Partners Secures $24M Refinance & Construction Loan For Multifamily Property in Williamsburg, Brooklyn

The multifamily property located in Williamsburg, Brooklyn, spanning 45,000 square feet and comprising 50 units, was involved in a recent transaction. The loan amount for this property was $24,000,000. The financing included a refinance and construction component, provided by Robert Schwartz, Steven Jemal, and Shawn Safdie of S3 Capital Partners. Max Ralby from Newmark served as the broker in this deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• Market: Williamsburg, Brooklyn
• Square Footage: 45,000
• Units: 50
• Lender: Robert Schwartz, Steven Jemal & Shawn Safdie - S3 Capital Partners
• Broker: Max Ralby - Newmark
• Loan Type: Refinance + Construction

The key individuals involved in this transaction were Robert Schwartz, Steven Jemal, Shawn Safdie, and Max Ralby. Robert Schwartz, Steven Jemal, and Shawn Safdie represented S3 Capital Partners as the lenders, providing the financing for the property. Max Ralby acted as the broker from Newmark, facilitating the deal between the parties. This collaboration led to the successful completion of the $24,000,000 loan for the multifamily property in Williamsburg, Brooklyn.