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Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square

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FINANCED
$61,000,000
Morris Dabbah
Morris Betesh
+ 1

New York

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MultiFamily
Financed 07/02/2025
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Property Image
FINANCED

Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square

5 Hanover Square

See Similar Deals
MultiFamily
Financed 07/02/2025
Morris Dabbah
Morris Betesh
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is an office located at 5 Hanover Square in the Manhattan market. The acquisition loan is valued at $61,000,000, facilitating the purchase of this asset.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $61,000,000
  • Lender: Christian Sewing - Deutsche Bank & 99c
  • Broker Representatives: Morris Betesh, Morris Dabbah, Israel Mermelstein & Louis Halperin - Arrow Real Estate Advisors
  • Loan Type: Acquisition

The transaction features key individuals including Christian Sewing from Deutsche Bank, who arranged the financing, and the team of brokers from Arrow Real Estate Advisors comprising Morris Betesh, Morris Dabbah, Israel Mermelstein, and Louis Halperin, who facilitated the deal.

Players

Morris Betesh
211 deals$12.3B volume(646) 825-7005
BROKER

Morris Dabbah
Arrow Real Estate Advisors
34 deals$1.1B volume(212) 612-0105
BROKER

Israel Mermelstein
Arrow Real Estate Advisors
15 deals$923.5M volume
BROKER

Louis Halperin
Arrow Real Estate Advisors
18 deals$665.3M volume(516) 965-1658
BROKER

Arrow Real Estate Advisors
BROKERAGE



Details

FINANCED
IMAGE: Christian Sewing, Morris Dabbah, Morris Betesh, Louis Halperin & Israel Mermelstein DATE: 7/2/2025 ADDRESS: 5 Hanover Square MARKET: Manhattan ASSET TYPE: Office LENDER: Christian Sewing - Deutsche Bank (@DeutscheBank) & 99c BROKERS: Morris Betesh, Morris Dabbah, Israel Mermelstein & Louis Halperin - Arrow Real Estate Advisors (@Arrow_REA) LOAN AMOUNT: $61,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,000,000.00

Monthly NOI$406,666.67
Monthly Debt Service$385,561.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00