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S3 Capital finds investors for latest multifamily construction credit fund

Firm lends $2.3 billion to developers in under 18 months
S3 Capital financed construction of the first phase of a $1 billion multifamily development in Edgewater, New Jersey, at 615 River Road. (CoStar)
S3 Capital financed construction of the first phase of a $1 billion multifamily development in Edgewater, New Jersey, at 615 River Road. (CoStar)

S3 Capital has closed its third construction lending fund amid a persistent housing shortage and regional banks' retreat from construction lending.

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