S3 Capital

(Spruce Capital)

Lender

535 Madison Ave 19th Floor New York, NY 10022

People:

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Robert Schwartz Co-Founder And Principal Office: +1 212-300-8800 Email: rschwartz@sprucecap.com

Joshua Crane Co-Founder Office: +1 212-300-8800 Email: jcrane@sprucecap.com

Ari Kalton Chief Financial Officer Office: +1 212-300-8800 Email: akalton@s3cap.com

Matan Kurman Managing Director Office: +1 212-300-8800 Email: mkurman@sprucecap.com

Paul Foschi Director Of Construction Office: +1 212-300-8800 Email: pfoschi@s3cap.com

Sander Wrede Vice President Office: +1 212-300-8800 Email: awrede@sprucecap.com

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Company Activity past 24 months:

Lender company: 94 for $1.9 billion

Latest Stories:

• Joyland pays $30M to Madison Realty for dev site in Williamsburg, signs lease with Watermark Capital (January 29, 2026)

• Joel Jacob signs $21M refi with Bravo Capital for 54-unit rental in East Flatbush (January 25, 2026)

• RedHoek+ signs $20.7M loan with S3 Capital for 22-unit condo construction project in Red Hook (January 06, 2026)

• Eckstrom NYC pays $12M for multifamily in West Village, converting to single-family (January 02, 2026)

• Joel Schwartz signs $72M construction loan with BridgeCity for dev site in Downtown Brooklyn (December 23, 2025)

• ABG Equities pays $7.6M, signs $18M construction loan for 46-unit project in Crown Heights (December 19, 2025)

• Vadem Brodsky pays Jacob Rybner $5.8M for five-unit walkup in Carroll Gardens (December 19, 2025)

• Harrison Gilbard-Balisky pays $3.225M for 4-family and garage in Williamsburg (December 18, 2025)

• Hersh Klein pays $3M for dev site in Bed Stuy, gets $11.5M construction loan (December 09, 2025)

• Michael Shapiro signs $13.2M refi with Maxim Capital for 30-unit condo in Sheepshead Bay (December 01, 2025)

Court Records:

[leaky_paywall_subscriber levels=”5,6,7″]

• COMM 2015-LC23 filed a $46 million pre-foreclosure on September 02, 2021, against Spruce Capital Partners, Joshua Crane and Robert Schwartz at 1209 Dekalb Avenue.

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