Buccini Pollin Group Secures $21.9 Million Refinance Loan From IDB For Leasehold Office
$21,900,000
Building Size
—
Asset Type
Office
Closing
Jun 4, 2026
About this deal
AI
The property involved is a leasehold office asset, with a total square footage of 200,275, located in Wilmington, DE. The transaction secured a refinance loan amounting to $21,900,000.
Summary of transaction details:
- Property Type: Leasehold Office
- Transaction Amount: $21,900,000
- Lender: IDB
- Landlord: Buccini Pollin Group
- Landlord's Representative: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
- Loan Type: Refinance
The deal involved key individuals from Arrow Real Estate Advisors, specifically Morris Betesh, Alex Bailkin, and Matt OHanlon, representing Buccini Pollin Group in the refinancing transaction facilitated by IDB.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93