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20 Haarlem Avenue

BRP Companies And Tammy K. Jones Secure $178.3 Million Loan For 296-Unit Development In White Plains
FINANCEDDevelopment Site

BRP Companies And Tammy K. Jones Secure $178.3 Million Loan For 296-Unit Development In White Plains

20 Haarlem Avenue

$178,300,000

Building Size

Asset Type

Development Site

Closing

Aug 31, 2026

AI

20 Haarlem Avenue is a development site located in the White Plains market, consisting of 296 units designated for mixed-use development. The total loan amount secured for this project is $178,300,000, provided through construction financing.

Summary of transaction details:

BRP Companies coordinated the financing package for the North White Plains development, involving both debt from multiple lenders and equity contributions from Basis Investment Group. This collaboration highlights the strategic partnership between these entities in advancing the development initiative within Westchester County, N.Y.

Players

Merchants Capital
Merchants CapitalLender
Basis Investment Group
Basis Investment GroupLandlord

White Plains Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93