Sep 23, 2025

Sep 23, 2025

Buccini Pollin Group Nabs $103M Recap for Delaware Office-to-Resi Conversion

Buccini Pollin Group Nabs $103M Recap for Delaware Office-to-Resi Conversion

Buccini Pollin Group (BPG) has nabbed a $103 million debt package for the realization of an office-to-residential conversion project at the former DuPont headquarters in Delaware, Commercial Observer can first report. Apollo, Pearlmark, Octagon Finance and S&T Bank provided the loan for BPG’s the Standard property, which BCP is transforming into a 363-unit apartment complex with 150,000 square feet of renovated office and retail space. BPG began its conversion of the 734,422-square-foot building in Downtown Wilmington in 2022 with 266 apartments delivered in the first phase last year and another 97 planned.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.