S3 Capital Partners Provides $5.5M Acquisition & Construction Loan For Cobble Hill Townhome
$5,500,000
$964/SF
Building Size
5,700 SF
Asset Type
Other
Closing
Aug 29, 2023
About this deal
AI
A townhome located in Cobble Hill, Brooklyn has recently undergone a property transaction. The transaction was facilitated by S3 Capital Partners' Robert Schwartz and Steven Jemal. The loan amount for the acquisition and construction of the townhome was $5,500,000.
Summary of transaction details
- Property Type: Townhome
- Transaction Amount: $5,500,000
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Type: Acquisition + Construction
- Note from Lender: Please reach out to Steven Jemal at [email protected] with any loan inquiries
Robert Schwartz and Steven Jemal, representing S3 Capital Partners, were instrumental in facilitating the loan for the acquisition and construction of the townhome in Cobble Hill, Brooklyn.
Players
Market Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93