Buccini Pollin Group (BPG) has sealed a $50.5 million debt package to refinance a multifamily asset in Wilmington, Del., Commercial Observer has learned.

MF1 Capital provided a $45 million senior loan while Pearlmark supplied $5.5 million of mezzanine debt for BPG’s Crosby Hills Apartments, a 203-unit property in Downtown Wilmington that debuted in 2023.