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Bushburg Secures $320 Million Loan From Deutsche Bank And BridgeCity Capital For Manhattan Office

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FINANCED
$320,000,000
Morris Betesh
Alex Bailkin
+ 1

New York

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Office1 SF
Financed 07/29/2025
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FINANCED

Bushburg Secures $320 Million Loan From Deutsche Bank And BridgeCity Capital For Manhattan Office

80 Pine Street

See Similar Deals
Office1 SF
Financed 07/29/2025
Morris Betesh
Alex Bailkin
+ 1
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$320,000,000
Total Square Footage:1 SF
Transaction Type:Loan

The property asset involved in the transaction is identified as an office located at 80 Pine Street in Manhattan. The loan amount secured for this asset is $320,000,000, structured as a note.

Summary of transaction details:

The transaction involves notable individuals including Christian Sewing and Louis Lebovits, representing the lending institutions Deutsche Bank and BridgeCity Capital, respectively. The landlord involved in this transaction is Bushburg, with representation from Morris Betesh, Alex Bailkin, and Matt OHanlon, all affiliated with Arrow Real Estate Advisors, highlighting the key players behind this closed transaction.

Players

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

Alex Bailkin
Arrow Real Estate Advisors
63 deals$5.7B volume(646) 825-7007
BROKER

Matt OHanlon
Arrow Real Estate Advisors
16 deals$1.1B volume(781) 715-3645
BROKER

Arrow Real Estate Advisors
BROKERAGE

Louis Lebovits
BridgeCity Capital
48 deals$1.3B volume
LENDER




Details

FINANCED
IMAGE: Christian Sewing, Louis Lebovits, Morris Betesh, Matt OHanlon & Alex Bailkin DATE: 7/29/2025 ADDRESS: 80 Pine Street MARKET: Manhattan ASSET TYPE: Office LENDER: Christian Sewing - Deutsche Bank (@DeutscheBank) & Louis Lebovits - BridgeCity Capital (@BridgeCityFunding) LANDLORD: Bushburg LANDLORD'S REP: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors (@Arrow_REA) LOAN AMOUNT: $320,000,000 LOAN TYPE: A note

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$320,000,000.00

Monthly NOI$2,133,333.33
Monthly Debt Service$2,022,617.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00