News & Insights

January 15, 2020 | Brownstoner

Salvation Army Sells Francis Kimball’s Clinton Hill Gem to Developers for $28.5 Million

Developers Loketch Group and Meral Property Group plan to construct 90 homes on the site, including condos in the existing building and 41 rentals in a brand-new one, mortgage lender S3 Capital Partners told the Commercial Observer earlier this month.

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January 14, 2020 | The Real Deal

Salvation Army Rings Bell on Clinton Hill Warehouse Sale for $29M

The buyers landed a $50M loan from S3 Capital Partners to acquire and develop the property into a residential complex.

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January 10, 2020 | Commercial Observer

S3 Capital $50M Construction Loan Funds Brooklyn Rental Project

Loketch Group and Meral Property Group have picked up $50 million in financing to acquire and redevelop a parcel in Brooklyn’s Clinton Hill, Commercial Observer first reported.

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January 5, 2020 | Citybizlist

S3 Capital Partners Provides $50M Loan for Two Residential Properties in Brooklyn

S3 Capital Partners LP , a New York City-based private lending platform, has provided a $50 million loan to the Loketch Group and Meral Property Group for the renovation of 10 Quincy Street and for the ground-up development of 26 Quincy Street in the Clinton Hill neighborhood of Brooklyn.

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January 3, 2020 | Commercial Observer

S3 Capital Funds Brooklyn Apartment Project with $50M Construction Loan

Loketch Group and Meral Property Group have picked up $50 million in financing from S3 Capital to acquire and redevelop a parcel in Brooklyn’s Clinton Hill.

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December 19, 2019 | Citybizlist

S3 Capital Partners Provides $250M Loan for New Hotel in Times Square

S3 Capital Partners LP  has provided a $250 million loan to the McSam Hotel Group LLC for the acquisition and construction of 150 West 48th Street , a new hotel development in Times Square.

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December 19, 2019 | The Real Deal

Sam Chang Lands $250M Loan for Midtown Hotel Project

Sam Chang has landed a $250 million loan for his upcoming project at 150 West 48th Street from S3 Capital Partners.

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December 4, 2019 | Real Estate Weekly

Tony Union City Condo Development Bags $44M Construction Loan

National Realty Investment Advisors (NRIA) has secured a $44 million construction loan from S3 Capital for its 55-unit gated development in Union City, NJ.

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November 27, 2019 | GlobeSt

NRIA Secures $44M Loan to Begin New Union City Project

Upon completion, Hoboken Heights at 1300 Manhattan Avenue will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces.

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November 26, 2019 | NJBIZ

S3 Capital Provides $44 Million Construction Loan for Union City Residences

S3 Capital Partners provided a $44 million Construction loan to NRIA LLC, a national commercial rea estate developer, for a 55-unit condominium in Hoboken Heights in Union City.

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November 26, 2019 | Real Estate NJ

Hudson County Condo Project Lands $44 Million in Financing

S3 Capital Partners, a private lending platform, has closed on a $44 million construction loan to the developer of a 55-unit condominium project in Union City.

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September 1, 2019 | The Real Deal

Banking on Volatility

S3 makes the list of NYC’S Top 15 Construction Lenders.

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July 3, 2019 | Real Estate Weekly

$140M loan will pave way for two South Bronx Towers

S3 Capital Partners, a private lender in New York, has originated a $140 million construction loan for Chess Builders and its new development at 210 East 135th Street in the South Bronx.

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June 26, 2019 | The Real Deal

Cheskel Schwimmer Lands $65 Million Construction Loan for South Bronx Project

Cheskel Schwimmer’s Chess Builders landed a $65 million construction loan from S3 Capital Partners for the second tower at its apartment/hotel project in the South Bronx.

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December 5, 2018 | The Real Deal

Brooklyn North Capital, RiverBrook land $46M loan for Kips Bay condo project.

Brooklyn North Capital and RiverBrook Equities secured a $46 million acquisition and construction loan for their Kips Bay condo building project.

S3 Capital Group provided the financing for the planned development at 165-169 Lexington Avenue. The partners will build an 11-story condominium on the 58,628-square-foot, three-lot assemblage.

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December 4, 2018 | The Real Deal

Cheskel Schwimmer lands $75M construction loan for SoBro towers

Cheskel Schwimmer lands $75M construction loan for SoBro towers article. Another high-rise apartment project is ready to go vertical on the South Bronx waterfront.

Cheskel Schwimmer’s Williamsburg-based CGS Developers closed on a $75 million construction loan from S3 Capital Partners for the pair of rental towers spanning 237 units he’s developing at 210 East 135th Street, the lender told The Real Deal.

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October 15, 2018 | The Real Deal

Sam Chang snaps up $76M construction loan for NoMad hotel

Sam Chang’s McSam Hotel Group has secured a $76 million construction loan to top off a Nomad hotel.

The loan, provided by S3 Capital Partners, an arm of Spruce Capital Partners, will ensure Chang’s future 88,000-square-foot hotel at  292 Fifth Avenue will reach completion, the lender said.

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August 17, 2017 | The Real Deal

Rabsky Sells Piece of Rheingold Site for $23M

Rabsky Group sold off a shovel-ready slice of its Rheingold Brewery site for $23 million to Jacob Schwimmer’s JCS Realty, which has the 136-unit rental project finances and ready to build.

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August 2, 2017 | Real Estate Weekly

Filling the Void for Middle Market Construction Loans

With so many active construction projects in progress in New York at any given time, one could be forgiven for thinking that financing for those properties is relatively easy to secure.

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May 1, 2017 | The Mann Report

S3 Capital Partners Provides $15M Construction Loan for New Development in Williamsburg

Premier private lender S3 Capital Partners has arranged a $15-million construction and refinance loan for the development of a brand-new 47-unit mixed-use building located at 428 Wythe Avenue in Williamsburg, Brooklyn.

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February 10, 2017 | Real Estate Weekly

S3 Capital Arranges $12.5M Loan for Prospect Lefferts Gardens Parcels

S3 Capital Partners, a private lender, has arranged a $12,500,000 construction loan for two parcels located on Bedford Avenue in the Prospect Lefferts Gardens neighborhood of Brooklyn.

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July 1, 2016 | Commercial Observer

Commercial Observer Q&A with Robert Schwartz, Founder and Partner at S3 Capital

Commercial Observer Finance Weekly sat down with Robert Schwartz to discuss Spruce Capital and S3 Capital.

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June 11, 2016 | CityBizList

GFI Realty Services Arranges $6.6-Million Trade of 218-220 Park Place

GFI Realty Services, LLC announced the $6.6-million sale of 218-220 Park Place, a pair of five-story, walk-up apartment buildings in the Prospect Heights section of Brooklyn.

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