Berkadia Arranges $401M Loan for Catalfumo Companies’ Completion and Continued Sellout of The Ritz-Carlton Residences, Palm Beach Gardens
The ultra-luxury condo residences and private marina on the Intracoastal Waterway is
nearing completion this summer
Palm Beach Gardens, Florida – May 7, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it secured a $401 million condo inventory loan for The Ritz-Carlton Residences, Palm Beach Gardens, designated as an Estate Collection property due to the property’s unique estate home attributes.
The Ritz-Carlton Residences, Palm Beach Gardens, 106 residences and 29-slip private marina is 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.
Managing Director Scott Wadler and Director Michael Basinski along with Senior Managing Director Mitch Sinberg and Managing Directors Matthew Robbins and Brad Williamson of Berkadia Miami and Boca Raton, arranged the financing on behalf of the sponsor, Catalfumo Companies of Palm Beach Gardens, Florida.
Northwind Group provided the floating-rate loan. Michael Ainbinder, partner and head of commercial real estate credit at Northwind Group, led the transaction. Proceeds will refinance the construction loan, with a portion held back for the opening of the building to The Ritz-Carlton’s only Estate Collection encompassing three buildings each rising seven stories across 14 acres.
“The Ritz-Carlton Residences, Palm Beach Gardens designation as an Estate Collection property for the brand, reflects the strong partnership with one of the world’s most recognized luxury brands and underscoring the continued growth in Palm Beach County, home to the Catalfumo Companies, one of the nation’s most compelling markets,” said Basinski. “Catalfumo curated a one-of-a-kind project across 14 acres with over 1,000 feet of direct Intracoastal water frontage. There will never be another project on this scale devoted to just 106 residences. Capital markets are seeking superior quality assets in growth markets and that held true for this financing.”
“The continued surge in population growth and corporate activity across the Palm Beaches bodes well for a quick sellout of the remaining inventory at Ritz Carlton Palm Beach Gardens,” added Wadler. “North Palm Beach County is a high-barrier-to-entry market, which is a favorable environment to build in when there is sustained economic growth.”
“Berkadia is a trusted advisor, whose commitment to clients stands out,” added Daniel Catalfumo, chairman and CEO of Catalfumo Companies. “We look forward to continuing that partnership. In our 45 years of business, it’s rare to find this level of strategic alignment and consistency, and that’s a meaningful advantage as we move toward completion of The Ritz-Carlton Residences, Palm Beach Gardens.”
Located at 2200 PGA Boulevard, the development broke ground in June 2024 and consists of 106 residences across three seven-story buildings, with homes ranging from approximately 3,400 to more than 6,500 square feet. Priced from $4 million to over $10 million, the residences are the first of The Ritz-Carlton’s “Estate Collection,” featuring expansive floor plans, private dens, walk-in pantries and laundry rooms, and guest bedrooms with private balconies. Amenities include an infinity-edge heated pool, pickleball court, dog park and dog spa, waterfront entertainment pavilion, private dining rooms, clubhouse, wellness center, guest suites, children’s club, and a 29-boat slip marina accommodating vessels up to 75 feet, with direct access to Jupiter and Palm Beach Inlet.
The property is in Palm Beach Gardens, one of South Florida’s most affluent coastal submarkets, offering convenient access to world-class golf courses, marinas, upscale retail, and dining destinations, as well as proximity to Palm Beach International Airport, West Palm Beach and Palm Beach.
Catalfumo Lands $401M to Finish Ritz-Carlton Condos in Palm Beach Gardens | Commercial Observer
Catalfumo Secures $401M Loan for the Ritz-Carlton Palm Beach Gardens Condos | The Real Deal
Catalfumo Clears $401M for Palm Beach Condos | Multihousing News