Pompano Condo Developer Procures $73.8M Loan

U.S. Development is ready to start work on Salato Pompano Beach, a 40-unit condo project next to the Pompano Pier. The developer recently closed on a $73.8 million construction loan provided by Maxim Capital Group and BH3 Management. Jason Krane of Ackman-Ziff arranged the construction financing. KAST Construction is the builder. The project’s completion is expected before the end of the 2026 season.

Randall Stofft Architects designed the project’s units. They have direct beach access and over 20,000 square feet of amenities. Units range from 2,106 to 3,354 square feet and start at just under $2 million.

Individual residences include an ocean-view pool and spa with a separate wet deck and loungers, a poolside lounge suite with covered bar and loggia, dry saunas and steam showers, a massage room, state-of-the-art fitness center, and an event space outfitted with a private catering kitchen.

Salato also features 2,700 square feet of retail commercial space fronting A1A. The developer is exploring a restaurant concept.