Northwind Group Provides $11 Million Loan For Development Site At 10 West 17th Street

The property involved in this transaction is a development site located at 10 West 17th Street within the Flatiron District. The transaction included a loan amount of $11,000,000 that is classified as an acquisition loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Lender: Northwind Group
• Landlord: Prosper Property Group
• Broker: Andrew Iadeluca - New Development
• Loan Type: Acquisition
• Date of Transaction: 7/22/2025

The key individuals involved in this deal include Ran Eliasaf, Michael Ainbinder, Damien Smith, Eddie Bender, and Andrew Iadeluca. Andrew Iadeluca represents the broker side of the transaction with New Development, facilitating the acquisition loan provided by Northwind Group to the landlord, Prosper Property Group.