Joshua Crane

Co-Founder

Principal

S3 Capital

(Spruce Capital)

Owner

535 Madison Ave 19th Floor New York, NY 10022

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S3 Capital NYC portfolio

$16.5 million -walkup 100%; Manhattan 96%, Brooklyn 3%*

3848th largest portfolio by dollar value

13,690 sqft – walkup 100%; Brooklyn 51%, Manhattan 48%

5595th largest by SF

2 properties – Manhattan 50%, Brooklyn 50%

4073th largest

17 residential units – Manhattan 52%, Brooklyn 47%

3995th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Person Activity past 24 months:

Borrower signatory: 1 for $14.5 million

Lender signatory: 35 for $1.2 billion

Top Ten Associated Companies:

Joel Schwartz (3), Sunlight Development (3), Candor Capital (2), Pinches Abowitz (2), Eckstrom NYC (2), Jacob Fulop (2), Elchonon Shilian (2), Moshe Richard (2), KS Group (2), Alma Realty Group (2)

Recent activity as signatory:

Mayer Berkovits borrowed $7.2 million from JG Funding for 327 Broome Street on April 24, 2026.

Sabastiano Piccininni borrowed $6.1 million from S3 Capital for None on April 21, 2026.

SCG Capital borrowed $18.1 million from S3 Capital for Bushwick avenue on April 15, 2026.

ABG Equities borrowed $15.2 million from Citibank for 186 Nevins Street on April 13, 2026.

Isidore Heimann borrowed $5 million from FourLeaf Federal Credit Union for 107 South 3 Street on March 31, 2026.

Candor Capital borrowed $38 million from S3 Capital for 5099 Broadway on March 25, 2026.

Habitat Living NYC borrowed $9.2 million from S3 Capital for None on March 25, 2026.

Mendel Schwimmer borrowed $13.7 million from S3 Capital for None on March 24, 2026.

Elchonon Shilian borrowed $5.5 million from Arion Fund for None on March 13, 2026.

Borough Developers and Watermark Capital Group borrowed $64 million from Berkshire Residential Investments for 141 South Elliott Place on March 06, 2026.

Latest Stories:

• Ekstein Development signs $58M refi with MetLife for new 107-unit rental in Bushwick (May 08, 2026)

• Candor Capital signs $38M construction loan with S3 Capital for 83-unit project in Inwood (May 04, 2026)

• Mendel Schwimmer signs $13.7M construction loan with S3 for 28-unit dev site in East Flatbush (April 30, 2026)

• Habitat Living NYC pays $5.2M for dev site in Carroll Gardens (April 06, 2026)

• Abe Waldman’s Rogers Equities signs $16M construction loan with S3 Capital for 43-unit LIC project (March 13, 2026)

• Joel Schwartz signs $17.4M construction loan with S3 Capital for 25-unit project in Williamsburg (March 11, 2026)

• Yitzchok Lebowitz pays $5.1M to Alchemy Ventures for 14-unit walkup in Bed Stuy (March 11, 2026)

• Joel Schwartz pays $8.4M for 25-unit dev site in Williamsburg (March 10, 2026)

• Red Brick Properties sells 3-family in Park Slope for $9.5M (March 02, 2026)

• Blue Sky Builders signs $43M construction loan for 82-unit project in Gowanus (February 10, 2026)

Court Records:

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Properties:

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