News: Finance

Newmark facilitates $111.41 million refinancing for Abbey Lane Apartments on behalf of Abacus Capital Group

Danbury, CT 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. Multifamily debt & structured finance vice chairman Rob Cantizano, managing director Greg Primiano and vice president Deric Obeldobel arranged the financing, 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 with modern interiors and premium finishes. Units feature in-unit washers and dryers, GE stainless steel appliances and private patios or balconies in select homes. Amenities include a resort-style pool, co-working and Wi-Fi lounges and children’s playroom.

Located in Fairfield County, the property is near a range of retail and dining options and offers direct access to I-84 and Rte. 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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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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