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

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FINANCED
$401,000,000
Brad Williamson
Mitch Sinberg
+ 5

Florida

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Development Site
Financed 05/01/2026
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Property Image
FINANCED

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

2200 Pga Boulevard

See Similar Deals
Development Site
Financed 05/01/2026
Brad Williamson
Mitch Sinberg
+ 5
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

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.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
132 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
162 deals$10B volume
BROKER

Michael (Thomas) Basinski
Berkadia
40 deals$3.7B volume
BROKER

Matthew Monahemi
Berkadia
2 deals$422.7M volume
BROKER

Ran Eliasaf
Northwind Group
17 deals$2.2B volume
LENDER


Northwind Group
LENDER

Details

FINANCED
IMAGE: Matthew Monahemi, Scott Wadler, Brad Williamson, Daniel Catalfumo, Mitch Sinberg, Michael Ainbinder, Ran Eliasaf, Michael Basinski & Matt Robbins DATE: 05/06/2026 ADDRESS: 2200 PGA Boulevard MARKET: North Palm Beach ASSET TYPE: Development Site LENDER: Michael Ainbinder & Ran Eliasaf - Northwind Group LANDLORD: Dan Catalfumo - Catalfumo Companies LANDLORD'S REP: Scott Wadler (@SWadler1), Michael Basinski (@MichaelThomasBasinski), Mitch Sinberg (@MitchSinberg), Matt Robbins, Brad Williamson & Matthew Monahemi - Berkadia (@Berkadia) LOAN AMOUNT: $401,000,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$401,000,000.00

Monthly NOI$2,673,333.33
Monthly Debt Service$2,534,592.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00