facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

2200 Pga Boulevard

Updated May 8, 2026

FINANCEDDevelopment Site

Ran Eliasaf And Michael Ainbinder Of Northwind Group Provide $401 Million Bridge Loan For Development Site

2200 Pga Boulevard

$401,000,000

Building Size

—

Asset Type

Development Site

Closing

Apr 30, 2026

About this deal

AI

The property involved in this transaction is a development site located at 2200 PGA Boulevard in the North Palm Beach market. The loan amount secured for this development site is $401,000,000 under a bridge loan type.

Summary of transaction details:

This transaction highlights the roles of key individuals and companies involved. Michael Ainbinder and Ran Eliasaf from Northwind Group provided the financing, while Dan Catalfumo represented the Catalfumo Companies as the landlord. The landlord's representation was handled by a team from Berkadia, underscoring the collaborative effort in this significant loan arrangement.

On the Map

Open live map

$401,000,000

Development Site

View full map

Players

Brad Williamson

Berkadia

Broker

$7.9B

vol

124 deals

Broker
Ran Eliasaf

Ran Eliasaf

Northwind Group

Lender

$2.3B

vol

18 deals

Lender
Northwind Group
Northwind GroupLender
Catalfumo Companies
Catalfumo CompaniesLandlord
Bilt advertisement

North Palm Beach Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Visit Michael (Thomas) Basinski to view all their deals.

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

More Deals

Nearby Markets