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New York & Tri-State  + Fairfield/Westchester  + Apartments  | 

Hudson Companies Lands Financing for Port Chester Rentals

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.”

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Cushman & Wakefield's Kohaut

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