Steven Jemal Of S3 Capital Provides $8,750,000 Loan For Renovation In Cobble Hill Brooklyn
$8,750,000
$1,483/SF
Building Size
5,898 SF
Asset Type
Single Family Residence
Closing
Jun 8, 2026
AI
The asset involved in this transaction is a single-family residence located in Cobble Hill, Brooklyn, with a total square footage of 5,898. The loan amount secured for this property is $8,750,000, categorized as a light renovation loan. The purpose of the financing is to facilitate the renovation of an existing single-family townhome.
Summary of transation details:
- Property Type: SFR
- Transaction Amount: $8,750,000
- Loan Type: Light Renovation
- Lender: Steven Jemal - S3 Capital
- Date: 6/9/2026
- Market: Cobble Hill, Brooklyn
- Asset Size: 5,898 SF
Steven Jemal, representing S3 Capital, is actively involved in providing financing for this transaction. S3 Capital specializes in financing multifamily transactions across various markets, focusing on loan opportunities exceeding $1 million. The company can be contacted via [email protected] for any inquiries related to this financing.
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93