White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, 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.