Newmark arranged a $111.41-million loan on behalf of Abacus Capital Group to refinance Abbey Lane Apartments, a 470-unit Class A multifamily property located in Danbury, CT. Multifamily Debt & Structured Finance vice Chairman Rob Cantizano, managing director Greg Primiano and VP Deric Obeldobel arranged the financing, which was provided by Fannie Mae.
“Abbey Lane’s quality, location and amenity profile positioned the property well in the market, allowing us to secure a competitive financing solution aligned with the sponsor’s long-term strategy,” said Primiano.
Abbey Lane Apartments is a mid-rise residential community offering studio, one-, two- and three-bedroom residences. Located in Fairfield County, the property is convenient to a range of retail and dining options and offers direct access to I-84 and Route 7, connecting to employment hubs across Connecticut and the Tri-State area. The community is within commuting distance to White Plains and New York City and near regional rail and major airports.
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