White Oak Real Estate Capital Provides $46.2M Senior Secured Loan for The Village at Tuxedo Reserve

NEW YORK--(BUSINESS WIRE)--White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, today announced it has provided a $46.2 million senior secured loan for the development of Phase I of The Village at Tuxedo Reserve (VTR) by Related Companies. The new town center in the idyllic setting of Tuxedo, New York will offer shopping, dining, luxury rental apartments, and more.

The Village is at the heart of a 1,200-acre master-planned residential community, Tuxedo Reserve, developed by Lennar Corporation, which will include nearly 1,300 homes and an array of upscale amenities. WOREC’s loan will support the initial phase of VTR, which will include 93 rental units and an array of retail and amenities that will serve as a vibrant hub for the new community. Upon completion of future phases, The Village at Tuxedo Reserve plans to have more than 300 units and 43,000 square feet of commercial and retail space.

“We are proud to partner on this one-of-a-kind opportunity to build a community in an ideal location from the ground up,” said Eric Tanjeloff, Managing Principal at WOREC. “The project promises to be a transformative development in the Hudson Valley, with upscale residences and mixed-use spaces just 30 miles from Manhattan. We look forward to delivering on the opportunity with our partners and continuing to provide flexible capital solutions to experienced sponsors with high quality real estate projects.”

A team led by Max Ralby at Newmark represented Related in the financing. Phase I of The Village at Tuxedo Reserve is expected to be completed in Fall 2026.

About White Oak Real Estate Capital, LLC
White Oak Real Estate Capital, LLC (“WOREC”), an affiliate of White Oak Global Advisors, LLC, is a lender to the commercial real estate industry specializing in originating bespoke financing solutions secured by transitional assets. WOREC lends across most major and growth markets across the U.S. The company is headquartered in New York City.

About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is an alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle. WOGA and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, WOGA and its affiliates have deployed over $11 billion while establishing long-term partnerships with borrowers. The firm and its affiliates have offices and personnel throughout the US, UK, and Australia. More information can be found at www.whiteoaksf.com.