New York, NY – S3 Capital, a leading private real estate credit manager specializing in
residential development projects across high-growth markets nationwide, is excited to announce the first close of its third large balance loan fund, Fund III, with total commitments of $335 million. The fund has garnered interest from a wide range of investors including major institutions, asset managers, and family offices.
Fund III is focused on providing bridge and construction financing for middle market real estate developments across major U.S. markets, with a strategic focus on ground-up residential development. The first close underscores the confidence investors have in S3 Capital’s disciplined approach to real estate credit investing, especially amid changing market conditions. The firm continues to build on its 12 years of operating success, with over 650 loans successfully executed, in excess of $5 billion.
"We are thrilled to reach this significant first milestone for Fund III, with commitments from new investors as well as renewed commitments from existing investors," said Joshua Crane, Co- Founder and Managing Principal of S3 Capital. "This fund continues our commitment to delivering consistent and strong, risk-adjusted returns to our investors by deploying capital into carefully selected real estate credit opportunities."
"This fund is designed to meet the needs of sophisticated investors looking for compelling credit opportunities in an evolving real estate landscape," added Robert Schwartz, Co-Founder and Managing Principal of S3 Capital. "We remain focused on delivering value by providing innovative financing solutions to our borrowers while capitalizing on unprecedented market opportunity in our space."
S3 Capital’s Fund III follows the success of its previous funds, which have consistently delivered strong returns by focusing on residential real estate credit strategies. The firm expects additional capital raises in the coming months as it continues to engage with new and existing investors.
For more information about S3 Capital and Fund III, please contact:
Alan Purser
Head of Capital Formation
S3 Capital
Phone: (212) 300-8827
Email: apurser@s3cap.com
Website: www.s3cap.com
###
About S3 Capital
S3 Capital is the lending arm of Spruce Capital Partners, a real estate investment firm that acquires and manages multi-family rental housing. S3 Capital is a national construction and bridge lender with significant expertise in development that positions it to streamline the construction process. The company offers a dedicated pool of capital, enabling it to promptly fund construction-related expenses and respond to the individual needs of borrowers. The firmhas originated over $5.0 billion across more than 650+ loans and excels in financing small balance loans under $20 million and large balance loans up to more than $250 million. The firm currently has more than 150 active bridge and construction loans.
Media Contact: Shea Communications LLC
George Shea, (917) 584-0988, gshea@sheacommunications.com
Kinsey Watson, (929) 696-4580, kinsey@sheacommunications.com