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**Greystone Provides $145 Million in Financing for The Alary in New Rochelle**
Greystone has successfully provided a $125.8 million bridge loan and arranged $19.5 million in preferred equity financing for The Alary, a newly completed 315-unit multifamily development in New Rochelle, New York. The financing package was led by Donny Rosenberg and Jared Kaufman from Greystone, with Matthew Zisler of Greystone Capital Advisors spearheading the preferred equity placement.
The loan structure includes a three-year interest-only term with two optional six-month extensions. Forum has been selected as the preferred equity partner in the transaction.
The Alary represents the final phase of Allstate Ventures’ Westchester Place development—an expansive, transit-oriented residential initiative in the heart of downtown New Rochelle. Located at 33 Westchester Place, The Alary boasts luxury condo-style finishes, a rooftop pool and lounge with panoramic skyline views, coworking spaces, a golf simulator, and a variety of resort-inspired amenities.
Situated in an emerging arts and culture district of Westchester County, the property offers residents walkable access to the Metro-North station, providing a convenient 35-minute commute to Midtown Manhattan.
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