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Washington DC & Mid-Atlantic  + Delaware  + Apartments  | 

Arrow Real Estate Advisors Arranges $70M for Delaware MF Development

Arrow Real Estate Advisors arranged a $70.25 million loan on behalf of The Buccini Pollin Group for The Press, a newly delivered luxury multifamily property located at 801 N Orange Street in Downtown Wilmington, Delaware.

The financing was arranged by Arrow’s Morris Betesh, Founder and Managing Partner, and Alex Bailkin, Senior Vice President, and provided by HPS/BlackRock. “We were pleased to secure a financing solution with HPS/BlackRock that aligned with the sponsor’s objectives and supports one of the most significant multifamily developments delivered in the Greater Philadelphia region in recent years,” said Betesh.

Developed by The Buccini Pollin Group, The Press is located within Wilmington’s central business district. The property provides residents with direct access to the city’s growing collection of dining, retail, entertainment, and employment destinations. The property features a glass façade, floor-to-ceiling windows, premium interior finishes and a best-in-class amenity package.

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Arrow Real Estate AdvisorsThe Buccini Pollin Group

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.