Secure $15M in Construction Financing for White Plains Residential Development

Keeler Markwood Group’s affiliate, Chester WP II, LLC has secured $15.25 million in construction financing from First County Bank to develop a 59,540-square-foot residential rental building located at 8 Chester Avenue in White Plains, New York. The four-story building will feature 74 rental units formed by combining two properties: 6-8 and 10 Chester Avenue. Eon Nichols of Cuddy + Feder LLP and Michael Curti of Harris Beach PLLC represented the borrower while Nikolas Kittridge and Scott Gerard of Shipman & Goodwin LLP served as legal counsel for the lender. This White Plains industrial development project was also supported by the local Industrial Development Agency (IDA).