Deutsche Bank Provides $41 Million Refinance Loan For Office Asset In Wilmington, DE
$41,000,000
Building Size
—
Asset Type
Office
Closing
Feb 17, 2026
About this deal
AI
The transaction involves an office asset located in Wilmington, DE, with a refinancing loan amount of $41,000,000. The lender for this deal is Deutsche Bank.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $41,000,000
- Lender: Deutsche Bank
- Landlord's Representative: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
- Loan Type: Refinance
- Date of Transaction: 2/18/2026
The deal highlights the involvement of Morris Betesh, Alex Bailkin, and Matt OHanlon, who represent the landlord throughout this refinancing transaction, showcasing their role in facilitating the agreement with the lender, Deutsche Bank.
Players
Market Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93