Shawn Safdie Of S3 Capital Provides $7.5M Renovation Loan For Park Slope MultiFamily Conversion

The property asset involved in this transaction is a multifamily building located in Park Slope, Brooklyn. The asset comprises four units with a total square footage of 8,924. The loan amount reached $7,500,000 for the renovation of the existing building to convert it into a 4-unit condo building.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,500,000
• Loan Type: Renovation
• Lender: Shawn Safdie - S3 Capital
• Market: Park Slope, Brooklyn
• Units: 4
• Square Footage: 8,924

Shawn Safdie, representing S3 Capital, is a leading capital provider that actively finances multifamily transactions. The company focuses on loan opportunities exceeding $1 million across various markets, including New York and Texas. The details regarding the renovation note indicate the conversion of an existing building to a condo format.