Updated Sep 1, 2026
FINANCEDParking Lot
$8.7 Million Recapitalization Loan Secured By Fulton Bank For Wilmington Parking Garage With Morris Betesh, Alex Bailkin & Matt OHanlon As Landlord's Representatives
$8,700,000
Building Size
—
Asset Type
Parking Lot
Closing
Aug 5, 2026
About this deal
AI
The asset involved in this transaction is a parking garage located in Wilmington, DE. The loan amount for this recapitalization transaction is $8,700,000.
Summary of transaction details:
- Property Type: Parking Garage
- Transaction Amount: $8,700,000
- Lender: Fulton Bank
- Landlord's Representative: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
- Loan Type: Recapitalization
The transaction features key individuals from Arrow Real Estate Advisors with Morris Betesh, Alex Bailkin, and Matt OHanlon representing the landlord in this deal.
Players
Market Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93