Apollo Pearlmark Octagon S&T Bank Provides $103 Million Bridge Loan For Mixed-Use Property In Wilmington DE
FINANCED
$103,000,000
Delaware
See Similar DealsMixed-use
Financed 08/08/2025
FINANCED
Apollo Pearlmark Octagon S&T Bank Provides $103 Million Bridge Loan For Mixed-Use Property In Wilmington DE
1007 North Orange Street
See Similar DealsMixed-use
Financed 08/08/2025
Summary
DELAWARE
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in the transaction is a mixed-use property located at 1007 North Orange Street in Wilmington, DE. A bridge loan amounting to $103,000,000 has been secured for this property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $103,000,000
- Lender: Apollo, Pearlmark, Octagon, S&T Bank
- Market: Wilmington, DE
- Brokers: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
- Loan Type: Bridge
The key individuals involved in the transaction are Morris Betesh, Alex Bailkin, and Matt OHanlon, who represent Arrow Real Estate Advisors in facilitating this loan agreement.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$103,000,000.00
Monthly NOI$686,666.67
Monthly Debt Service$651,030.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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