Newmark Arranges $111 Million Refinancing for Abbey Lane Apartments in Danbury, Connecticut

April 14, 2026 9:00 AM

Newmark announces the Company has 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, Connecticut. 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 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.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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