Greystone Provides $125.8 Million Bridge Loan and $19.5 Million in Preferred Equity for Class A Multifamily Development in New Rochelle, NY

NEW YORK, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has 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 property located in New Rochelle, NY. The bridge loan was originated by Greystone's Donny Rosenberg and Jared Kaufman, with preferred equity placement led by Greystone Capital Advisor's Matthew Zisler.

Developed by Allstate Ventures, The Alary features high-end condominium-style finishes, a rooftop pool and lounge with skyline views, coworking space, a golf simulator, and other resort-style amenities. Located within a rapidly transforming arts and culture district in Westchester County, just steps from the Metro-North station and a 35-minute commute to Midtown Manhattan.

The financing was structured as a three-year interest-only bridge loan with two six-month ...