Rose Associates Secures $213 Million Construction Loan For 468-Unit Multifamily Development In White Plains

The property asset involved in this transaction is a multifamily asset located at 440 Hamilton Avenue in White Plains. It encompasses 392,164 square feet and consists of 468 units. The total loan amount for this construction project is $213,000,000, facilitated by ARES and Artemis Realty Capital, with Rose Associates acting as the landlord.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $213,000,000
• Address: 440 Hamilton Avenue
• Market: White Plains
• Asset Size: 392,164 SF
• Units: 468
• Lender: ARES & Artemis Realty Capital
• Landlord: Rose Associates
• Brokers: Adam Doneger, Christopher Kramer, Adam Spies, Jordan Roeschlaub, Joshua King, Michael Collins, Chris Lozinak & Gene Pride - Newmark

The transaction features a collaboration of several brokers, including Adam Doneger and Christopher Kramer, who played a pivotal role in facilitating the loan. Other brokers involved include Adam Spies, Jordan Roeschlaub, Joshua King, Michael Collins, Chris Lozinak, and Gene Pride, all representing Newmark in this deal.