Catalfumo secures $401M loan for Ritz-Carlton Palm Beach Gardens condos
Catalfumo Companies secured a $401 million loan for its under-construction Ritz-Carlton Residences, Palm Beach Gardens. The developer, led by CEO Dan Catalfumo, expects to finish construction of the 14-acre project at 2200 PGA Boulevard this summer, according to a news release. Northwind Group provided the floating-rate loan for the 106-unit condominium, and a Berkadia team led by managing director Scott Wadler and Michael Basinski arranged the loan, the release shows. The planned complex will include three seven-story buildings and a 29-slip marina. The design team includes Spina O’Rourke and Partners and interiors firm Decorators Unlimited. Units will range from 3,400 […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Rich forever? Why top developers, brokers are still all in Miami despite risks, challenges
Former Trump advisor reportedly walked away from two Palm Beach County megamansion deals
Welltower buys five nursing homes in $208M spree amid senior housing boom
CP Group, Georgetown buy back Boca’s Mizner Park in joint venture, with room for improvements
Bal Harbour Shops expansion fully leased as 30 luxury retail tenants sign on amid luxury retail boom
Time and patience: Public-private partnerships drive development, but they can take decades to realize
“Ken Griffin took this town by storm”: Miami-Dade mayor on Wynwood’s $3B Carnegie Mellon campus
Rick Ross drops knowledge on his real estate hustle: “There is no better time than right now”
Michael Stern boasts optimism for Miami projects amid legal battles
Where Miami’s top developers are placing bets outside the city
