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Adam Ifshin And Bhatia Kamal Landlord Secures $114 Million Loan For Retail Asset In Palm Beach Gardens

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FINANCED
$114,000,000
Nick Scribani
+ 3

Florida

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Retail420,000 SF
Financed 05/06/2026
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Property Image
FINANCED

Adam Ifshin And Bhatia Kamal Landlord Secures $114 Million Loan For Retail Asset In Palm Beach Gardens

11290 Legacy Avenue

See Similar Deals
Retail420,000 SF
Financed 05/06/2026
Nick Scribani
+ 3
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$271
Total Square Footage:420,000 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located at 11290 Legacy Avenue, Palm Beach Gardens, FL. It encompasses a total of 420,000 square feet and is associated with a loan amount of $114,000,000, designated for acquisition purposes.

Summary of transaction details:

This transaction involves key individuals including lender Charles Scharf, alongside landlords Adam Ifshin and Bhatia Kamal, who manage the property. The representation for the landlords in this deal is provided by the team from Newmark, comprising Jordan Roeschlaub, Nick Scribani, John Caraviello, Dan Axelson, and Stavros Giannakopoulos.

Players

Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

John Caraviello
Newmark
21 deals$10.7B volume
BROKER

Dan Axelson
Newmark
3 deals$860M volume
BROKER

Stavros Giannakopoulos
Newmark
1 deal$830M volume
BROKER

Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Charles Scharf, Bhatia Kamal, Adam Ifshin, John Caraviello, Dan Axelson & Stavros Giannakopoulos DATE: 5/6/2026 ADDRESS: 11290 Legacy Avenue MARKET: Palm Beach Gardens, FL ASSET TYPE: Retail ~ SF: 420,000 LENDER: Charles Scharf LANDLORD: Adam Ifshin & Bhatia Kamal LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), John Caraviello (@JonnyCarvs), Dan Axelson & Stavros Giannakopoulos - Newmark (@Newmark) LOAN AMOUNT: $114,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$114,000,000.00

Monthly NOI$760,000.00
Monthly Debt Service$720,557.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00