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Abacus Capital Scores $111M Refi on Danbury Apartments

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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Newmark's Primiano

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).

  • ◦Financing
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