S3 Capital Partners Provides $210 Million Construction Loan For Multifamily Asset In Sunset Park Brooklyn

A multifamily property located in Sunset Park, Brooklyn, features 774,727 square feet and consists of 497 units. The loan for this asset was set at $210,000,000 and is classified as a construction loan with a term of 30 months.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $210,000,000
• Market: Sunset Park, Brooklyn
• Lender: Robert Schwartz, Steven Jemal & Shawn Safdie - S3 Capital Partners
• Broks: Morris Betesh, Alex Bailkin & Israel Mermelstein - Arrow Real Estate Advisors

The deal was facilitated by S3 Capital Partners, represented by Robert Schwartz, Steven Jemal, and Shawn Safdie. The brokerage team from Arrow Real Estate Advisors included Morris Betesh, Alex Bailkin, and Israel Mermelstein, who played key roles in arranging the financing for this multifamily development.