White Plains just picked up one of Westchester County's bigger apartment financings of the year. Merchants Capital arranged more than $138 million to fund a 296-unit multifamily, mixed-use development in the city, according to Yield PRO's September 3 report.

Here's what the record actually gives us: the lender (Merchants Capital), the dollar figure (more than $138 million), and the unit count (296). It does not name the developer, the exact street address, or a general contractor — so we're not printing those, and neither should you take this as confirmation of anything beyond the financing itself.

Mixed-use means there's retail or commercial space folded into the base of the building, which usually means a separate storefront buildout on top of the residential scope. A 296-unit project is roughly a full city block's worth of new construction — enough volume to keep an electrical or mechanical sub busy well over a year, and it's happening in a market where zoning fights routinely stall projects this size inside the five boroughs.

There's no MWBE subcontracting requirement attached here — this is private capital, not a city or state contract, so any diversity goals are the developer's call, not a mandate. If you want in on this one, watch White Plains' planning board postings and site plan filings; a loan this size closing usually means site work isn't far behind, and a GC announcement is the next thing to look for.