Bushburg Secures $320 Million Loan From Deutsche Bank And BridgeCity Capital For Manhattan Office
80 Pine Street
$320,000,000
$320,000,000/SF
Building Size
1 SF
Asset Type
Office
Closing
Jul 28, 2025
AI
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:
- Property Type: Office
- Transaction Amount: $320,000,000
- Lender: Christian Sewing - Deutsche Bank
- Lender: Louis Lebovits - BridgeCity Capital
- Landlord: Bushburg
- Landlord's Representatives: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
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
New York 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93