CSB Holdings Secures $30.75 Million Loan From H Equities And 141 Capital Group For Office Acquisition
1001 Liberty Avenue
$30,750,000
$57/SF
Building Size
538,000 SF
Asset Type
Office
Closing
Sep 4, 2025
AI
The transaction involved a senior loan for the acquisition of an office and retail property located at 1001 Liberty Avenue, Pittsburgh, PA, with a total square footage of 538,000. The loan amount was set at $30,750,000, supporting a strategic addition to the market in the Downtown Pittsburgh submarket, known for its employment opportunities and cultural significance.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $30,750,000
- Loan Type: Acquisition
- Asset Size: 538,000 SF
- Market: Pittsburgh, PA
- Lender: Elliot Horowitz - H Equities & 141 Capital Group
- Landlord: CSB Holdings - Chesky Brach
The funding for the loan was facilitated by Elliot Horowitz, who is the Chief Executive Officer at H Equities LLC. The deal exemplified the ability of H Equities and 141 Capital Group to execute complex transactions within tight timeframes, as the loan closed over Labor Day weekend. CSB Holdings, the sponsor behind the acquisition, is recognized for its entrepreneurial vision and strategic management in the real estate sector.
Players
Pittsburgh 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93