W
hite Oak Real Estate Capital, a subsidiary of White Oak Global Advisors, has provided a $46.2 million senior secured loan to support the development of Phase I of The Village at Tuxedo Reserve in New York's Hudson Valley. This upscale town center will feature shopping, dining, luxury rentals, and more.

    Located within the 1,200-acre master-planned community of Tuxedo Reserve developed by Lennar Corporation, The Village will offer a mix of retail, amenities, and residential units. Phase I will comprise 93 rental units, while future phases are expected to add over 300 units and 43,000 square feet of commercial space.

    "We're excited to partner on this unique opportunity to build a community from the ground up in an ideal location," said Eric Tanjeloff, Managing Principal at WOREC. "The project promises to be a transformative development just 30 miles from Manhattan."

    A team led by Max Ralby at Newmark represented Related Companies in securing the financing. Phase I is expected to be completed by Fall 2026.

    White Oak Real Estate Capital specializes in providing bespoke financing solutions for transitional assets across major and growth markets in the US. The company is headquartered in New York City.

    White Oak Global Advisors, WOREC's parent firm, is an alternative debt manager that provides financing solutions to small and middle-market enterprises at every stage of their lifecycle. Since its inception in 2007, WOGA has deployed over $11 billion through various lending products and established long-term partnerships with borrowers.