Updated Jun 30, 2026
Buccini & Pollin Group Secures $70.25M Refinance Loan From HPS/Blackrock For Multifamily Asset
801 North Orange Street
$70,250,000
Building Size
—
Asset Type
MultiFamily
Closing
May 14, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 801 North Orange Street in Wilmington, DE. The refinance loan amount secured for this property is $70,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,250,000
- Lender: HPS/Blackrock
- Landlord: Buccini & Pollin Group
- Landlord's Representative: Morris Betesh & Alex Bailkin - Arrow Real Estate Advisors
- Loan Type: Refinance
The deal involved key individuals and firms, including the lender HPS/Blackrock and the landlord Buccini & Pollin Group, represented by Morris Betesh and Alex Bailkin from Arrow Real Estate Advisors. Their roles were crucial in facilitating the refinance transaction.
On the Map
$70,250,000
MultiFamily
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Players
Wilmington 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93