Naples Condo Developers Obtain $234M Construction Loan

The Ronto Group and Wheelock Street Capital obtained a $234 million construction loan for Rosewood Residences Naples, a 42-unit waterfront condominium on the beach in Naples. JLL represented the borrowers to secure the loan from affiliates managed by Apollo.

The property is expected to be completed in the third quarter of 2026 and will include two buildings with a collection of three- and four-bedroom residences averaging 5,175 square feet, along with penthouses ranging from 5,170 to 9,601 square feet. Amenities include a sun deck with a pool, zero-edge lap pools, multiple spas, game rooms, lounges and gated beach access. 

Located at 1601 Gulf Shore Boulevard, Rosewood Residences Naples offers 482 linear feet of beachfront and Gulf of Mexico views. It is close to Old Naples and all that the area has to offer.

The JLL Capital Market’s Debt Advisory team representing the borrower was led by Steven Klein, Brian Gaswirth, Paul Adams and Shane Ciacci.