Catalfumo secures $401M loan for Ritz-Carlton Palm Beach Gardens condos

by Kate Hinsche

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.