S3 Capital, a real estate lender specializing in loans for multifamily development, has issued more than half a billion in construction loans for two separate residential rental projects in New York. The developments are located where CoStar data shows the market asking rent per unit has reached a record high.
S3 issues $510 million in construction loans for two New York apartment projects
Planned Queens development includes four buildings on East River waterfront
By Andria Cheng
CoStar News
March 26, 2025 | 9:31 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Alma Realty Corp.
Real Estate
- Watermark Capital Group
Real Estate