Catalfumo Companies has secured a $340 million loan from Madison Realty Capital to finance the construction of The Ritz Carlton Residences, Palm Beach Gardens. With 850 feet of Intracoastal Waterway frontage and 106 homes ranging in price from $4 million to more than $8 million, the marina-front development achieved an impressive $75 million in sales within days of its sales gallery launch. Douglas Elliman Development Marketing is spearheading the project’s marketing efforts. Construction is set to begin late summer 2023 with completion expected by 2025.
Daniel Catalfumo represented his company directly with Madison Realty Capital for this transaction: “We are honored to be working with Madison Realty Capital who have been unwaveringly supportive,” said Catalfumo, Founder of Catalfumo Companies.
