Updated Apr 16, 2026
Ben Friedman Of Abacus Capital Group Secures $111.4 Million Refinance Loan For 470-Unit Multifamily
15 Abbey Lane
$111,400,000
Units
470
Asset Type
MultiFamily
Closing
Apr 15, 2026
About this deal
AI
The asset is a multifamily property located at 15 Abbey Lane in Danbury, CT, comprising a total of 470 units. The transaction involved a refinance loan amounting to $111,400,000, facilitated by Fannie Mae.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $111,400,000
- Lender: Fannie Mae
- Landlord: Ben Friedman - Abacus Capital Group
- Broker(s): Rob Cantizano, Gregory Primiano & Deric Obeldobel - Newmark
Key individuals involved in this transaction include Ben Friedman, representing Abacus Capital Group as the landlord. The brokers facilitating the deal are Rob Cantizano, Gregory Primiano, and Deric Obeldobel, all affiliated with Newmark.
On the Map
$111,400,000
MultiFamily
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Players
Danbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93