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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $401,000,000
- Lender: Ran Eliasaf & Michael Ainbinder - Northwind Group
- Landlord: Catalfumo Companies
- Brokers: Scott Wadler & Michael Basinski - Berkadia
- Loan Type: Refinance
- Date: 5/6/2026
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.
On the Map
$401,000,000
Condo
View full map
Players
North Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Deal FAQ
Browse North Palm Beach condo loans on Traded.
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