Updated Feb 22, 2026
$31.5 Million Refinance Secured By Landlord's Rep Morris Betesh And Team In Pittsburgh Office Market
$31,500,000
Building Size
—
Asset Type
Office
Closing
Dec 19, 2025
About this deal
AI
The asset involved in this transaction is an office property located in Pittsburgh, PA. A loan amount of $31,500,000 was secured for refinancing purposes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $31,500,000
- Loan Type: Refinance
- Landlord's Representatives: Morris Betesh, Israel Mermelstein, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
This transaction involved key representatives from Arrow Real Estate Advisors, who facilitated the refinance process. The individuals working on this transaction included Morris Betesh, Israel Mermelstein, Alex Bailkin, and Matt OHanlon, each contributing to the management of the deal and supporting the landlord's interests.
Players
Market 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93