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.
A recently formed joint venture between Spruce Capital Partners and Tall Pines Capital has originated more than $85 million in loans to 40 projects, predominately in Brooklyn and Manhattan.
The Real Deal
Since stepping down late last year as deputy head of a family empire that controls some 38 million square feet, Emanuel “Manny” Stern has spent the past several months quietly building an investment vehicle aimed at the city’s high-stakes residential mark.