Steven Jemal Of S3 Capital Provides $2,400,000 Renovation Loan For Brooklyn Single-Family Townhome
$2,400,000
$376/SF
Building Size
6,372 SF
Asset Type
Single Family Residence
Closing
Jul 14, 2026
AI
The property asset involved in this transaction is a single-family residence located in Brooklyn. The total square footage of the asset is 6,372 square feet. The associated loan amount is $2,400,000, designated as a renovation loan to facilitate the conversion of an existing building into a single-family townhome.
Summary of transation details:
- Property Type: SFR
- Transaction Amount: $2,400,000
- Lender: Steven Jemal - S3 Capital
- Loan Type: Renovation
- Date: 07/14/2026
- Market: Brooklyn
Steven Jemal, representing S3 Capital, is a key individual in this transaction. S3 Capital is recognized as a leading capital provider actively financing multifamily transactions, primarily focusing on loan opportunities that exceed $1 million. The lender's role in this deal emphasizes their commitment to supporting renovations and conversions of properties within various markets.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93