S3 Capital Partners Provides $13.6 Million Construction Loan For Philadelphia Multifamily Asset
$11,700,000
$142/SF
Building Size
81,900 SF
Asset Type
MultiFamily
Closing
May 27, 2026
AI
The asset involved in this transaction is a multifamily property located in Philadelphia, PA, encompassing a total square footage of 81,900. The transaction features a construction loan amounting to $13,600,000 aimed at facilitating development and enhancement of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,600,000
- Market: Philadelphia, PA
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Loan Type: Construction
The key individuals in this transaction are Robert Schwartz and Steven Jemal, representing S3 Capital Partners, a firm that specializes in providing capital for multifamily transactions across various markets, focusing on loans exceeding $1 million. Potential loan inquiries can be directed to Steven at [email protected].
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93