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:
- Property Type: Mixed-use
- Transaction Amount: $223,500,000
- Lender: Aaron Casden - JPM; Zachary Cion - Hudson Bay
- Borrower: Todd Rosenberg & Todd Benson - Pebb Capital
- Brokers: Sean Reimer, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly & Michael Brown - Walker & Dunlop
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
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