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Siguler Guff Secures $29.9 Million Financing for White Plains Luxury Apartments

On October 15, 2025, Siguler Guff & Company, LP, a prominent private equity firm renowned for its multi-strategy approach, announced the closure of a significant financing package amounting to $29.9 million. The funds will be allocated towards the construction of a luxury residential project located at 70 Westchester Avenue in White Plains, New York. This venture will introduce 203 upscale apartment units to the market, further enhancing the city's residential offerings.

Project Overview and Financing Structure

The financing package from Siguler Guff will be structured as a mezzanine construction loan alongside a Brownfield Tax Credit bridge loan. The project has also gained acceptance into New York's Brownfield Cleanup Program, which champions the revitalization of underused land areas. This initiative not only encourages private sector involvement but also enables the transformation of brownfield sites into conducive living environments.

Additionally, this financing package will work in conjunction with a substantial $96 million senior loan, ensuring the project's robust financial backing. Jose Mayoral, Vice President of Real Estate at Siguler Guff, expressed confidence in the development team overseeing the project—comprising Saber Real Estate North, LLC and Cord Meyer Development—both of whom boast impressive track records in real estate development and investment.

Delivering Community Benefits

Mayoral emphasized the significance of this financing, stating, "We are pleased to provide financing to such a talented development team. Through the Brownfield Cleanup Program, we're proud to play an important role in revitalizing this area and reinforcing White Plains as both a highly desirable place to live and a robust market for investment and development."

Located strategically in White Plains, the development will feature modern amenities that cater to urban living. Planned offerings include rooftop lounges for leisure, an outdoor pool, a fitness center to promote wellness, a community dog park, and concierge services to assist residents with their needs. These features are sure to attract a demographic seeking both luxury and convenience in one of New York's evolving suburbs.

The project is backed by a joint venture led by Saber Real Estate North from Armonk, NY, and Cord Meyer Development based in Forest Hills, NY. Their collaboration aims to create a vibrant community that not only meets residential demands but also contributes to the local economy and urban fabric.

About Siguler Guff

Founded in 1991 and headquartered in New York, Siguler Guff is a multi-strategy private markets investment firm that oversees over $17 billion in assets under management. With nearly three decades of experience in the industry, the firm focuses on drive robust, risk-adjusted returns across various market niches.

The Real Estate Team at Siguler Guff has made significant contributions to the real estate sector, having invested nearly $3.5 billion in equity and debt since 2009. Their approach is characterized by targeting senior, mezzanine, and preferred equity origination across various asset classes nationwide. This initiative in White Plains aligns perfectly with their ongoing commitment to drive investment, development, and transformation within the real estate landscape.

For more information about Siguler Guff and their investment strategies, you can visit their official website at www.sigulerguff.com.