The Hudson Companies has closed on $66 million in construction financing for a new Class A multifamily development located at 70 Abendroth Ave. (a/k/a 27-45 N. Main St.) in the Westchester County community of Port Chester, NY.
The loan was provided by Truist Bank and will support the construction of a 203-unit, transit-oriented multifamily development in downtown Port Chester. The six-story project will include market-rate and affordable apartments, ground-floor retail, a community facility and structured parking. Construction is expected to begin in the first quarter of 2026.
Cushman & Wakefield’s John Alascio and Chuck Kohaut arranged the financing on behalf of the borrower.
“This transaction underscores the depth of lender interest in well-located, fully entitled multifamily developments in supply-constrained transit-oriented markets like Port Chester,” said Kohaut. “Hudson Companies has a proven track record executing complex, community-oriented developments, and Truist recognized the strength of both the sponsorship and the project’s fundamentals in delivering a market-leading execution.”
