500 Main Street
Overview
| Deal Type |
Construction |
|---|---|
| Size |
$40 Million Construction Loan |
| Our Role |
Lender |
Summary
500 Main Street in New Rochelle, New York is currently improved with three buildings scheduled for demolition. When completed, the new 26-story development will contain 357 market rate apartments, 119 apartments reserved for low income tenants, 2,635 square feet of grade-level retail, 430 parking spaces and 30,541 square feet of community facility space. The affordable housing residential units will be for tenants earning between 50%-60% of AMI.
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