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Truist Bank Provides $66M Construction Loan To Hudson Companies For Development Site In Port Chester

Property Image
FINANCED
$66,000,000
Chuck Kohaut
John Alascio
DK

New York

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Development Site
Financed 01/05/2026
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Property Image
FINANCED

Truist Bank Provides $66M Construction Loan To Hudson Companies For Development Site In Port Chester

70 Abendroth Avenue

See Similar Deals
Development Site
Financed 01/05/2026
Chuck Kohaut
John Alascio
DK
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 70 Abendroth Avenue in Port Chester, NY. The site will host a six-story, 203-unit multifamily project that includes 10% affordable housing and approximately 10,000 square feet of ground-floor retail space.

Summary of transaction details:

The key individuals involved in this transaction include David Kramer, who represents Hudson Companies as the landlord. Additionally, John Alascio and Chuck Kohaut from Cushman & Wakefield serve as the brokers facilitating this deal.

Players

John Alascio
Cushman & Wakefield
John Alascio
56 deals$5.3B volume
BROKER
Chuck Kohaut
Cushman & Wakefield
Chuck Kohaut
41 deals$3.3B volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Truist Bank
Truist Bank
LENDER
DK
David Kramer
11 deals$678.8M volume
LANDLORD
Hudson Companies
Hudson Companies
LANDLORD

Details

FINANCED
IMAGE: John Alascio, David Kramer & Chuck Kohaut DATE: 01/05/2026 ADDRESS: 70 Abendroth Avenue MARKET: Port Chester ASSET TYPE: Development Site LENDER: Truist Bank (@Truist) LANDLORD: David Kramer - Hudson Companies (@TheHudsonCos) BROKERS: John Alascio & Chuck Kohaut - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $66,000,000 LOAN TYPE: Construction NOTE: Truist Bank provided a $66M construction loan to Hudson Companies for a six-story, 203-unit multifamily project at 70 Abendroth Avenue in Port Chester, NY, featuring 10% affordable housing and ~10,000 sq ft of ground-floor retail.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$66,000,000.00

Monthly NOI$440,000.00
Monthly Debt Service$417,164.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00