Berkadia has secured a $401 million condo inventory loan for The Ritz-Carlton Residences in Palm Beach Gardens, Fla., designated as an Estate Collection property due to the property’s unique estate home attributes.
The Ritz-Carlton Residences, Palm Beach Gardens, comprises 106 residences and a 29-slip private marina located on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beaches, an assemblage unlikely to ever be replicated. The project spans 1,040 feet of direct water frontage with direct access to Jupiter and Palm Beach Inlet and is expected to complete construction summer 2026.
Scott Wadler, managing director, and Michael Basinski, director, along with Mitch Sinberg, senior managing director, and Matthew Robbins and Brad Williamson, managing directors, of Berkadia Miami and Boca Raton, arranged the financing on behalf of the sponsor, Catalfumo Cos.
Northwind Group provided the floating-rate loan. Michael Ainbinder, partner and head of
