S3 Capital has provided a $45 million construction loan for a 99-unit residential project in Williamsburg. The financing, the lender’s fifth with the same sponsorship team in the neighborhood, offers another example of capital continuing to support new housing development in established New York residential markets.

Slate Property Group and RiseBoro Community Partnership have closed on acquisition and construction financing for two affordable and supportive housing developments in Williamsburg, Brooklyn. According to Commercial Observer, the development team secured a $162.9 million loan to build the projects at 178 Montrose Avenue and 73 Meserole Street. JPMorgan Chase originated the financing, which was arranged by the New York City Housing Development Corporation. The broader financin