BHI Provides $78 Million Loan to Elad Group for Acquisition of Coconut Grove Multifamily and Office Building

COCONUT GROVE, FL August 21, 2026 – BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that it has provided Elad Group, led by real estate investor and developer, Itshak Sharon Tshuva, with a $78,185,000 loan to finance the acquisition of adjacent income producing properties at 3250 Mary Street and 3265 Virginia Street in Miami’s Coconut Grove neighborhood.

Elad Group is a nationally recognized luxury residential development platform with a substantial track record across the United States, with an income producing real estate portfolio. Elad Group operates as part of the Tshuva Group of Companies, one of Israel’s largest business groups, with interests spanning energy, real estate development and construction, property rentals and tourism.

Elad Group has maintained an active lending relationship with BHI since approximately 2014 across various residential developments, property acquisitions, and disposition strategies.

“BHI’s growth strategy is centered on deepening relationships with sophisticated sponsors and delivering the capital, expertise and flexibility required to execute on complex real estate opportunities,” said Ilana Druyan, Senior Vice President - Team Leader and Head of International Origination – CRE, at BHI. “We believe our ability to understand the full scope of a transaction, structure creatively and move with certainty is a meaningful differentiator in the market. This financing reflects that strength and the continued momentum behind BHI’s commercial real estate platform.”

"We have worked with BHI for more than a decade, and the bank has consistently understood our business objectives and worked to find the right financing for our company," said Orly Daniell, President and Chairperson at Elad Group. "BHI's real estate expertise, flexibility, and ability to execute complex transactions make it a valued partner to our organization, and we look forward to building on this relationship as we pursue future opportunities.”

About BHI

BHI, the U.S Branch of Bank Hapoalim, B.M., Israel's leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate; general, domestic and Israeli C&I; private equity and specialty finance; renewable energy; healthcare; corporate banking; and technology and data centers.  In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California. For more information, visit www.bhiusa.com.