S. Florida Ritz-Carlton Developer Inks $401M Bridge Loan

Catalfumo Companies landed a $401 million first-mortgage completion-to-inventory loan secured by The Ritz-Carlton Residences, Palm Beach Gardens, a 14-acre, three-tower luxury branded residential and private marina development on the Intracoastal Waterway. The loan was originated through Northwind Debt Fund III and arranged by Scott Wadler and Michael Basinski at Berkadia

Located at 2200 PGA Boulevard in Palm Beach Gardens, Florida, with Intracoastal frontage, the project consists of 106 residences, all within a private waterfront complex that includes a 29-yacht slip marina with direct deepwater access to the Atlantic Ocean.

Residences range from three to five bedrooms with dens, with private elevator entry and interior living space from 2,875 to 5,120 square feet. The property features 20,000 square feet of indoor and outdoor amenities, including a waterfront restaurant, a 95-foot infinity-edge pool, spa and wellness facilities, a fitness center, a pickleball court, a dog park, and a residents’ clubhouse, all operated and serviced by The Ritz-Carlton.