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100 Durgin Lane

Updated Jan 21, 2026

Eastern Real Estate And The Kane Company Secure $96.8M Loan From Truist Bank For Portsmouth Multifamily
FINANCEDMultiFamily

Eastern Real Estate And The Kane Company Secure $96.8M Loan From Truist Bank For Portsmouth Multifamily

100 Durgin Lane

$96,800,000

Units

360

Asset Type

MultiFamily

Closing

Nov 3, 2025

About this deal

AI

The asset involved in the transaction is Prescott Post, a 360-unit multifamily complex located at 100 Durgin Lane in Portsmouth, NH. The construction financing secured for this project amounts to $96,800,000, provided by Truist Bank. The first units are expected to be available in December 2026.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $96,800,000
  • Lender: Truist Bank
  • Landlord: Eastern Real Estate & The Kane Company
  • Brokers: Brett Paulsrud, Andrew Gray & Hugh Doherty - JLL
  • Units: 360
  • Address: 100 Durgin Lane
  • Market: Portsmouth, NH
  • Loan Type: Construction

Key individuals in this transaction include Brett Paulsrud, Andrew Gray, and Hugh Doherty, who represent the landlords Eastern Real Estate and The Kane Company through their brokerage firm JLL. They played a crucial role in facilitating the loan from Truist Bank for the multifamily project.

On the Map

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$96,800,000

MultiFamily

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Players

Andrew Gray

JLL

Broker

$1.5B

vol

9 deals

Broker
JLL
JLLBrokerage
Truist Bank
Truist BankLender

Portsmouth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $268.9K per unit across 360 units on a published $96.8M (2025).

Visit Hugh Doherty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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