Shawn Safdie Of S3 Capital Provides $11,000,000 Renovation Loan For Brooklyn Heights Townhome
$11,000,000
$1,243/SF
Building Size
8,843 SF
Asset Type
Single Family Residence
Closing
Apr 27, 2026
AI
The asset involved in this transaction is a single-family residence located in Brooklyn Heights, featuring a total square footage of 8,843. The loan amount secured for this property is $11,000,000, specifically for a renovation loan to facilitate a heavy rehab of an existing rental building into a single-family townhome.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $11,000,000
- Market: Brooklyn Heights
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Renovation
Shawn Safdie represents S3 Capital, a capital provider that focuses on financing multifamily transactions across various markets, including New York and Texas, with an emphasis on loan opportunities exceeding $1 million.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93