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AMS Secures Construction Loan for Yorktown Active Adult Community

AMS Acquisitions secured $50.5 million of construction financing for a new 55+ active adult community located at 800 E. Main St. in Yorktown, NY. The construction loan was provided by OceanFirst Bank N.A. The financing was arranged by Arrow Real Estate Advisors founder and managing partner Morris Betesh, SVP Alex Bailkin and analyst Andrew Rosenberg.

Representing the fourth addition to AMS Acquisitions’ Sylvan Woods active adult brand, the project involves the redevelopment of a former office building into a 217,194-gross-square-foot, four-story active adult development totaling 180 one- and two-bedroom units. Construction is expected to be completed in the second half of 2027.

“Sylvan Woods Yorktown offers downsizers the best of both worlds; a quiet tucked-away location with easy access to local conveniences,” said Ari Mitnick, director of acquisitions for AMS. “The location and resort like lifestyle will offer an unparalleled experience for downsizers in Westchester and the greater region.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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