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

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:

• Property Type: Development Site
• Transaction Amount: $178,300,000
• Market: White Plains
• Lender: Merchants Capital, New York State Homes & Community Renewal, Community Preservation Corporation (CPC)
• Landlord: BRP Companies & Tammy K. Jones - Basis Investment Group

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.