S3 Capital provides $35M for Casa Princeton apartments in Florida

S3 Capital has provided $35 million in construction financing to Miami-based developer Aconcagua Group to complete the final phase of the Casa Princeton apartment community in Princeton, Florida.

The loan is designated for the third and final phase of the 374-unit development, which includes an eight-story building containing 162 apartments. The project aims to address the attainable housing gap in Florida through public-private partnership programs, such as the Live Local program.

The second phase of the development, consisting of 150 units, was completed in March 2026 and has reached an approximately 40 percent occupancy rate. The Casa Princeton community features one- and two-bedroom floorplans along with amenities including a clubhouse, co-working spaces, a swimming pool, and a fitness center.