S3 Capital Raises $335M at First Close of Real Estate Credit III Fund

New York-based S3 Capital is midway to the $650M target for its S3 LB Real Estate Credit III, as it reported raising $335M from institutions, family offices, and asset managers at the first close of the fund.

The middle-market construction lender said in a LinkedIn post that its third vintage fund will give investors the ability to “capitalize on the pullback of traditional bank lenders in the commercial real estate space” through the fund’s team that has “seen zero capital losses” over 12 years. Fund III will seek to invest in US mid-market real estate projects, specifically in the bridge and construction sectors.

S3 Capital has made more than $5B in loan investments across over 600 deals, with approximately 150 active investments in bridge and construction businesses.

Source: https://www.linkedin.com/feed/update/urn:li:activity:7269482685473898496/