Southern Land Company Secures $33 Million Loan From Ran Eliasaf Of Northwind Group In Philadelphia

The asset involved is a multifamily property located at 1911 Walnut Street in Philadelphia, PA. This property is secured by a senior loan of $33,000,000, originating from Northwind Group. The financing recapitalizes an existing loan and supports 18 unsold luxury condos at The Laurel Rittenhouse Square, noted as the city’s tallest residential tower.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Lender: Ran Eliasaf - Northwind Group
• Landlord: Southern Land Company
• Brokers: Chris Kramer, Jordan Roeschlaub, Nick Scribani, Ben Kroll, Samuel Speciale, Holden Witkof & Dustin Stolly - Newmark

This transaction highlights the involvement of several key figures in its execution, notably Ran Eliasaf representing Northwind Group, which plays an essential role in originating significant loans across U.S. gateway markets. The brokers from Newmark facilitated this deal, demonstrating their expertise in the Philadelphia real estate market.