ACRES Provides $96 Million for Multifamily Property in White Plains, NY
JANUARY 27, 2026Loan to fund a Luxury Property with 9,618 SF of Commercial Space.
White Plains, NY (2026) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced today that it secured a $96 million first mortgage construction loan to finance the development of 70 Westchester, a Class A mid/high-rise multifamily property in White Plains, New York.
The project will deliver best-in-class apartment finishes and amenities, including an outdoor pool, private dining room, E‑sports lounge, fitness center, dog park, rooftop lounge, co-working space, and EV parking. Unit interiors will include full appliance packages, quartz countertops, and high-quality kitchen and bath finishes. The “L”‑shaped structure will feature a 4-story wing and a 10-story wing above a cast-in-place concrete parking deck, with construction targeting completion in Fall 2027.
“White Plains continues to distinguish itself as Westchester County’s premier live‑work hub, with top-tier retail, strong regional connectivity, and sustained multifamily demand,” said Mark Fogel, Chief Executive Officer and President of ACRES. “Our financing supports an experienced sponsorship team in delivering a high-quality, well-located asset designed to meet the expectations of today’s renters and the market’s long-term growth.”
70 Westchester encompasses 203 multifamily units,274 covered parking spaces, and approximately 10,000 square feet of street-level commercial space. Located about 20 miles from New York City, this property is adjacent to the Westchester Mall. The White Plains submarket remains a leading business and retail center with access to Manhattan via Metro‑North and connectivity across the region via I‑287, supporting favorable long‑term fundamentals for new Class A supply.
