News & Insights

S3 Capital Partners, a lending arm of investment and development firm Spruce Capital Partners, has provided a $26 million construction loan to a trio of sponsors to help construct a mixed-use residential condominium building on the waterfront in Astoria, Queens.

GlobeSt.com profiles S3 Capital Partners.

S3 Capital Partners, an arm of Spruce Capital Partners, lent $250 million to hotel developer Sam Chang for his upcoming project at 150 West 48th Street near Times Square.

S3 Capital Partners, which specializes in funding bridge and construction loans against properties in New York City and New Jersey, originated 85 loans totaling $915 million last year.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.