Siguler Guff Closes a $29.9 Million Financing Package for the Construction of Luxury Apartments in White Plains, NY
NEW YORK, Oct. 15, 2025 /PRNewswire/ — Siguler Guff & Company, LP (“Siguler Guff” or the “Firm”), a multi-strategy private markets investment firm with over $17 billion of assets under management, estimated as of June 30, 2025, today announced it closed the direct origination of a $29.9M financing package to facilitate the construction of 70 Westchester Avenue, a 203-unit luxury apartment development in White Plains, New York.
The project has been accepted into New York’s Brownfield Cleanup Program – encouraging private-sector cleanups of brownfields, promoting their redevelopment – and the Siguler Guff financing package will consist of a mezzanine construction loan and Brownfield Tax Credit bridge loan. Siguler Guff’s financing package was originated alongside a $96M senior loan.
Jose Mayoral, Vice President, Real Estate at Siguler Guff said, “We are pleased to provide financing to such a talented development team. Saber Real Estate North, LLC and Cord Meyer Development have demonstrated strong track records over decades of experience. 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 robust market for investment and development.”
The financing was arranged by Richard Horowitz of Cooper Horowitz.
The borrower is a joint venture between Saber Real Estate North, LLC (Armonk, NY) and Cord Meyer Development (Forest Hills, NY) and will serve as the developer for the planned luxury apartment development in White Plains. Once completed, the project will feature rooftop lounges, an outdoor pool, fitness center, dog park, and concierge services.
About Siguler Guff
Siguler Guff is a multi-strategy private markets investment firm with over $17 billion of assets under management and 30 years of investment experience. Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff’s core investment strategies include private credit and special situations, small business private equity, real estate and emerging markets. Siguler Guff’s investment products include direct investment funds, multi-manager funds and customized separate accounts targeting specific areas of compelling opportunity. The dedicated Real Estate Team has invested nearly $3.5B of equity and debt into real estate assets since 2009 and maintains an average nine years of tenure with the firm. Siguler Guff’s Real Estate Team targets senior, mezzanine, and preferred equity originations nationwide across asset classes with a focus on efficient execution, flexible structuring, and institutional borrowers. Founded in 1991 and headquartered in New York, Siguler Guff maintains offices in Boston, Hong Kong, London, Mumbai, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Houston, TX, and West Palm Beach, FL. To learn more about Siguler Guff, please visit www.sigulerguff.com.
