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.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout