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$31.5 Million Refinance Sec...

$31.5 Million Refinance Secured By Landlord's Rep Morris Betesh And Team In Pittsburgh Office Market
FINANCEDOffice

$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

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:

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

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 deals

Broker

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