Related Companies Secures $46.2M Construction Loan From White Oak Real Estate Capital In Tuxedo Park

The transaction involves a multifamily asset located in Tuxedo Park, specifically known as The Village at Tuxedo Reserve. This initial phase will feature a total of 93 apartments along with retail space. The financing amount secured for this project is $46,200,000, categorized as construction financing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,200,000
• Lender: Eric Tanjeloff - White Oak Real Estate Capital
• Landlord: Jeff T. Blau - Related Companies
• Brokers: Nick Scribani & Max Ralby - Newmark

Eric Tanjeloff represents White Oak Real Estate Capital in providing the construction financing for the project. The financing will aid Related Companies, represented by Jeff T. Blau, in the development of the initial phase of the multifamily and retail project in Tuxedo, N.Y.