S3 Capital Provides $116 Million Construction Loan For Student Housing In San Marcos

The asset involved in this transaction is a student housing property located at 410 North Street in the San Marcos market. The construction loan amount is $116,000,000, which reflects the financing necessary for the development of this property. The lender for this transaction is S3 Capital, which specializes in providing financing for multifamily transactions across multiple markets.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $116,000,000
• Lender: Robert Schwartz & Steven Jemal - S3 Capital
• Landlord: Elevate Development Partners
• Brokers: Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Dustin Stolly - Walker & Dunlop
• Loan Type: Construction

The individuals involved in this transaction include Robert Schwartz and Steven Jemal, who serve as lenders representing S3 Capital, a recognized entity in the multifamily financing sector. The landlord for the property is Elevate Development Partners, contributing to the property management and oversight aspect of the development.