In this role, he assists with the underwriting of new and existing loans, day to day management of fund operations, and portfolio oversight. 2023 Spruce Capital. $285,000, 701 Silver Lake St, Murphy, Timothy S, to Kirwan, Dean . Robert began his career as an investment. Narrated by: Scott R Smith. At least six other owners of buildings with 421-a tax breaks, including Gristedes owner John Catsimatidis, are facing similar claims against them. Diametric Capital. Mr. Schenkman previously worked at Hunter Roberts Construction Group as an Assistant Project Accountant. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruce's primary focus is delivering superior risk-adjusted returns. In this role, he is responsible for underwriting and evaluating new and existing loans, day to day management of fund operations, and portfolio oversight. $ 17.23. 2023 Spruce Capital. Robert Schwartz has been working as a Managing Director, Business Development at Resilience Capital Partners for 14 years. If the redevelopment of the Steinway & Sons piano store in Midtown were a song, it would be a long one, with some dramatic pauses and a bit of dissonance. In addition, he managed system installation, and supervised schedule and training scenarios for an F-16 Simulator Unit. NIH. Rob began his career in 2000 on a Finley Fellowship from Harvard University, studying the economic and cultural impact of globalization while living in China and Europe. in Business Administration from Boston University in 2019. His responsibilities include business development, originations and marketing for the firm. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Mr. Schwartz is a partner at Spruce Capital Partners in New York City, is the proud parent of three current Ramaz students, and the husband of a Ramaz alumna. Mr. Schwartz is presently a director of NextSilicon, Sysdig, Kentik, Kumu Networks, Aryaka, Verbit, Precision Hawk, R2 Semiconductor, YellowBrick Data, Ushur, Ahana, and Trullion. S3 Capital Partners, a private lending platform, has closed on a $44 million construction loan to the developer of a 55-unit condominium project in Union City. Schwartz said that S3's lending spectrum ranges from $1 million to $20 million, with a "sweet spot" of $2 million to $10 million. Apollo Global Management, Inc. Chief Investment Officer and Founder The five-story home is located at 42 West 71st Street between Central Park West and Columbus Avenue and has six bedrooms and seven full bathrooms. Education. At the time of the incident, he lived in a farmhouse away from the city in Leesburg, Virginia. in Business Administration and Finance from Bucknell University Freeman School of Management in 2018. West Village resident claims the developer hid the defects, The buyer of a $20.7 million Greenwich Village mansion accused Spruce Capital Partners of selling a death trap.. She also worked as a bank teller at Santander Bank. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruce's primary focus is delivering superior risk-adjusted returns. Development January 2023. Mr. Schwartz also noted that while his studies were his number one priority in high school, he still always found time to have fun and enjoy himself. Joshua Crane is co-founder and principal of Spruce and S3 Capital and is responsible for sourcing and executing on all aspects of the business. Additionally, the partners of Spruce run S3 Capital, one of the most active bridge lenders in New York City. Upon completion, Hoboken Heights at 1300 Manhattan Avenue will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces. Loketch Group and Meral Property Group have picked up $50 million in financing from S3 Capital to acquire and redevelop a parcel in Brooklyns Clinton Hill. in Finance and Management from the Boston College Carroll School of Management in 2020. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruce's primary focus is delivering superior risk-adjusted returns. Joshua also worked at Stellar Management, where he was involved in the acquisition of Independence Plaza, a 1,330-unit rental building in New York Citys Tribeca neighborhood and 2,000 units in Washington, D.C. Joshua began his career at Salomon Brothers in its Mergers and Acquisitions group. JCS Realty has landed $60 million in construction financing from S3 Capital Partners for a multifamily property located in the Mott Haven neighborhood of the Bronx. New York, NY 10017 His job requires constant oversight, skillful management, and a strong ability to multitask. Sam Pennell joined S3 Capital in 2021 as an Analyst. The suit alleges that the developers knew about the defects but hid them. At $12,168,087.50, the transaction was one of the most expensive sales of the week, according to city records. Sales launched today at 151 East 78th Street, an Upper East Side condominium project by Spruce Capital Partners. Robert Schwartz and Joshua Crane, co-founders of real estate development and investment fi rm Spruce Capital Partners, looked at dozens of townhouses before they purchased this property on Waverly Place through an LLC in 2010 for $6.85 million. Richard Racanelli joined S3 Capital Partners in 2022 as an Analyst. Real estate fund focused on opportunistic investment strategy Spruce Capital Partners | Tracxn JavaScript is disabled in your browser. 2021 by Robert Schwartz. The Crime Scene. He is responsible for sourcing and executing on all aspects of the business. A partnership between New York-based Spruce Capital Partners and Connecticut-based Post Road Properties received a $65.2 million Freddie Mac-secured loan for Hawthorne Court, a 434-unit multifamily complex in Central Islip, N.Y. Katie Couric and her husband bought an apartment on the entire 10th floor of 151 East 78th Street, a new limestone and brick condominium on the Upper East Side. A girtty neighborhood undergoes a transformation with new apartments. All Filters. He received his B.S. Built in 2018, Soll Apartments is a 165-unit Class-A rental property located in Downtown Des Moines. About Gardiner Roberts LLP. Robert Schwartz is co-founder and principal of Spruce and S3 Capital, and leads acquisitions, financing and day-to-day management for the firm. Given that the building contains 127 units, its possible that more than 400 tenants can join the lawsuit, Ferrara said. Spruce Capital Partners has put a new 8,300-square-foot Upper West Side townhouse on the market asking $23.5 million, a spokesperson for the developer told The Real Deal exclusively. Tanya is an Office Manager and Executive assistant for S3 Capital. Chief Advancement Officer, Wharton External Affairs The 10,200-square-foot . This area is surrounded by walking, hiking, and biking trails, giving the property a more suburban feel than the others in Spruces Iowa portfolio. Located within close proximity to the LIRR and the Long Island Expressway. S3 is currently the most active private debt lender in New York City. Our focused, cross-disciplinary, one-team approach and commitment to understand your business joins our relevant expertise, immediacy and dedication to providing client-centric, hands-on . Get a D&B Hoovers Free Trial. The developer on Friday filed plans for a new 35,000-square-foot, 17-story residential building at 323 East 79th Street. Brett Schenkman joined S3 Capital Partners in 2021 as an Analyst. 2023 Spruce Capital. S3 Capital Partners, a lending arm of investment and development firm Spruce Capital Partners, has provided a $26 million construction loan to a trio of sponsors to help construct a mixed-use residential condominium building on the waterfront in Astoria, Queens. Mr. Schwartz is a recognized leader in the footwear and footcare industries, and in our local community. It will house 15 units, most of which will occupy either a full floor or two floors, which suggests another condo. Prior to founding Spruce and S3 Capital, Robert helped run a successful family business where he established and grew the family's real estate investment program. Some 2,000 apartment units in central Mobile have changed hands in a five-complex, $134 million deal. He is a graduate of the Wharton School at the University of Pennsylvania, where he serves on the Executive Board. The price tag exceeds the $29 million total that developer Spruce Capital Partners paid for the property in 2012. $3,500,000. Lived In Wellington FL, Grant FL, Westfield MA, Lake Worth FL. In his role, Edward is responsible for overseeing the tax planning, financial reporting, and accounting for the private equity and the Family Office business at Spruce Capital. Developers Loketch Group and Meral Property Group plan to construct 90 homes on the site, including condos in the existing building and 41 rentals in a brand-new one, mortgage lender S3 Capital Partners told the Commercial Observer earlier this month. Robert Schwartz, author of Your Soul's Plan, offers between lives soul regression workshops and hypnosis sessions. In addition, he managed system installation, and supervised schedule and training scenarios for an F-16 Simulator Unit. 212-300-8800. All Rights Reserved, Lent $42 million for the acquisition and construction of 115 Stanwix Street, Originated construction loan in Q3 2017 and paid off in Q1 2019, Built 140,000 square feet consisting of 136 rental units in Bushwick Brooklyn, $76 million construction loan to seasoned NYC hotel developer, Loan was for the construction of a 4-star hotel on Fifth Avenue. Ari Stein joined S3 Capital Partners in 2017. He was promoted to Partner in January 2005 and took over responsibility for hiring and training new employees. Resides in The Villages, FL. He received his B.S. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruces primary focus is on delivering superior risk adjusted returns while protecting downside. The Property features best-in-class amenities, well-located ground-floor retail, and an adjacent vacant land parcel on which Spruce will develop 10 luxury townhomes for rent. The developers had redeveloped the six-story building at 116 Waverly Place into a mansion and sold it in August 2016. Prior to joining S3 Capital, Jackson interned at Blackthorne Capital Management, a quantitative hedge fund focused on commodities, futures, and global indices in Whitewater, Wisconsin. Sometimes, Mr. Schwartz will venture to one of the firms open construction sites, where hell meet with the buildings chief architect to assess the progress of the ongoing project. Company Website. Prior to founding Spruce and S3 Capital, Robert helped run a successful family business where he established and grew the family's real estate investment program. 535 Madison Ave Fl 19, New York, New York, 10022, United States (212) 300-8800 Spruce Capital Profile and History The principals and founders of Spruce Capital Partners, Dr. Ganesh Kishore, Dr. Roger Wyse, and Greg Young, are well known investors and thought leaders in the biogreentech sector. 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