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Carlton finances $50m condo development

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retained by two highly respected development companies to finance the development and construction of a luxury condominium project, located immediately adjacent to the Ritz Carlton in Montego Bay, Jamaica at the Rose Hall estate.
Carlton executives Brendan Sullivan, Charles Kerecz and Kenny Herzberg are in the process of arranging a $50 million revolving construction loan facility in connection with the ground-up development of The Palmyra Resort and Spa.
The Palmyra site will be developed as a 552-unit luxury beachfront condominium/hotel with a world class spa and 30 villas.

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