S3 lender records $29.7M mortgage on Brooklyn Maple Street church site

A lender tied to 331 Maple Street in its name recorded a $29,673,537 mortgage on October 1 against a cleared church-owned site in Brooklyn, with 333 Maple Holdings LLC as borrower and S3 RE 331 Maple St Funding LLC as lender, according to the City Register record.

Why it matters

The loan sits on Brooklyn block 4791, lot 1, which the city’s lot data lists at 335 Maple Street. Demolition filings for that lot, filed by Candor Capital One LLC, show a full demolition signed off after a 2025-11-05 filing. The same owner filed a 97-unit new building on the neighboring lot 70 at 331 Maple Street in August 2025. The lender’s name points to that address, and the shared owner name makes the link plausible, but the mortgage itself does not state what it funds. For builders and brokers working Prospect Lefferts Gardens, it is a large lender commitment on a site that has already been cleared.

The numbers

The mortgage is dated 2026-09-18 and was recorded 13 days later. Against lot 1’s 59,600 sq ft, the amount works out to about $498 per sq ft of land (loan basis, not a sale price). The lot is zoned R6. City lot data still shows a two-story, 22,400 sq ft building and the church as owner, which predates the demolition. The earlier deed-other filing in the property history lists The Roman Catholic Church of St. Francis of Assisi as the party. We found no recorded deed to 333 Maple Holdings LLC on this lot in the city mirror, which lags the live register by about four weeks, so the purchase price is not established here. The DOB NOW filings put 317 days between the demolition filing and the loan date.

What’s next

Watch DOB NOW for a new-building filing on lot 1 and for a deed or a contract-vendee instrument tying 333 Maple Holdings LLC to Candor Capital. A filing would show the unit count the lender underwrote. More of our coverage of borough lending is on the New York hub.