Truist Bank Provides $66 Million Construction Loan For 203-Unit Multifamily Project In Port Chester

A construction loan of $66 million has been secured for a 203-unit multifamily project located at 70 Abendroth Avenue in Port Chester. The project is developed by Hudson Companies, which is led by landlord Aaron Koffman.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Loan Type: Construction
• Lender: Truist Bank
• Landlord: Aaron Koffman - Hudson Companies
• Address: 70 Abendroth Avenue
• Market: Port Chester
• Units: 203
• Brokers: John Alascio & Chuck Kohaut - Cushman & Wakefield

The transaction involved key individuals including Aaron Koffman, representing Hudson Companies, and brokers John Alascio and Chuck Kohaut from Cushman & Wakefield, who facilitated the loan arrangement with Truist Bank for this construction project.