Berkadia Arranges $463 Million Financing for the St. Regis Residences, Sunny Isles Beach, Miami
Berkadia has secured more than $1.2 billion in financing for projects in Sunny Isles Beach over the last 12 months
Miami, Florida – November 3, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announces today the arrangement of $463 million in financing for The St. Regis Residences, Sunny Isles Beach, Miami, a two-tower luxury oceanfront condominium development by Fortune International Group and Château Group. The transaction ranks among the largest financings ever completed in Sunny Isles Beach.
Managing Director Scott Wadler and Director Michael Basinski of Berkadia Miami, along with Senior Managing Director Mitch Sinberg, Managing Directors Matt Robbins and Brad Williamson, and Senior Analyst Matthew Monahemi, arranged the financing on behalf of the developers.
Madison Realty Capital provided the loan, which refinances existing debt with Bank OZK and provides capital to support continued construction of the project’s South Tower.
Berkadia has arranged more than $1.2 billion in financing for projects in Sunny Isles Beach over the last 12 months, including the market’s largest-ever loan, a $630 million financing for Bentley Residences in 2025.
“Construction financing of this magnitude reflects more than the strength of the asset – it reflects the confidence lenders have in experienced sponsors with a proven ability to execute,” said Wadler. “We’re proud to continue supporting Fortune International Group and Château Group as The Residences advance from vision to reality. This transaction underscores the enduring appeal of premier oceanfront opportunities in Sunny Isles Beach and the continued demand for best-in-class luxury residential developments.”
Located directly on the Atlantic Ocean, The St. Regis Residences, Sunny Isles Beach, Miami will comprise 320 residences across two towers, including 170 residences in the South Tower and 150 in the North Tower. The development features 435 linear feet of ocean frontage and more than 70,000 square feet of amenities, including signature restaurants, a full-service spa, resort-style pools and wellness facilities.
The South Tower is more than 80% sold, with vertical construction underway following the completion of its foundation mat pour earlier this year. Designed by Arquitectonica and constructed by Coastal Construction, the development is also preparing for the next phase of construction on its North Tower.
Berkadia previously arranged land financing in April 2026 to advance pre-development of the North Tower.