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Wilmington

Buccini Pollin Group Secures $21.9 Million Refinance Loan From IDB For Leasehold Office
FINANCEDOffice

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

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:

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

Morris Betesh

Arrow Real Estate Advisors

Broker

$13.3B

vol

229 deals

Broker

IDB

IDB Bank

Lender

$21.9M

vol

1 deal

Lender
IDB Bank
IDB BankLender

Buccini Pollin Group

Buccini Pollin Group

Landlord

$21.9M

vol

1 deal

Landlord

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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