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22 West Atlantic Avenue

Updated Sep 8, 2026

Todd Rosenberg & Todd Benson Of Pebb Capital Secure $223.5 Million Loan For Mixed-Use Asset In Delray Beach
FINANCEDMixed-use

Todd Rosenberg & Todd Benson Of Pebb Capital Secure $223.5 Million Loan For Mixed-Use Asset In Delray Beach

22 West Atlantic Avenue

$223,500,000

Building Size

Asset Type

Mixed-use

Closing

Sep 3, 2026

About this deal

AI

The asset involved in this transaction is a mixed-use property located at 22 West Atlantic Avenue in Delray Beach. The loan amount secured for this property is $223,500,000, categorized as a bridge loan.

Summary of transaction details:

This transaction involved several key individuals from different firms. Aaron Casden and Zachary Cion served as lenders for the deal, while Todd Rosenberg and Todd Benson represented the borrower, Pebb Capital. The brokerage team from Walker & Dunlop included Sean Reimer, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, and Michael Brown, who facilitated the transaction.

Players

Aaron Appel

Walker & Dunlop

Broker

$34.9B

vol

205 deals

Broker

Todd Rosenberg

PEBB Capital

Buyer

$601.2M

vol

7 deals

Buyer

Aaron Casden

JPMBB Commercial Mortgage Securities

Lender

$7.8B

vol

7 deals

Lender

Delray Beach Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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