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2200 Pga Boulevard

Catalfumo Companies Secures $401M Refinance Loan For Condo At 2200 Pga Boulevard In Palm Beach Gardens
FINANCEDCondo

Catalfumo Companies Secures $401M Refinance Loan For Condo At 2200 Pga Boulevard In Palm Beach Gardens

2200 Pga Boulevard

$401,000,000

Building Size

Asset Type

Condo

Closing

May 5, 2026

AI

The asset involved is a condo located at 2200 Pga Boulevard in Palm Beach Gardens, FL. The refinance loan amount for this transaction totals $401,000,000. The property is part of a significant financing activity, indicating its importance in the current market landscape.

Summary of transation details:

The transaction involves key representatives including Ran Eliasaf and Michael Ainbinder both affiliated with Northwind Group, working as lenders. The landlord is represented by Catalfumo Companies, while the brokerage firm Berkadia is represented by Scott Wadler and Michael Basinski in this transaction.

Players

Scott Wadler

Berkadia

Broker

$10.3B

vol

169 deals

Broker
Northwind Group
Northwind GroupLender
Ran Eliasaf

Ran Eliasaf

Originator

$2.2B

vol

17 deals

Originator

North Palm Beach Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93