An affiliate of Fort Partners has obtained a $107.6m loan to complete Seaway North at The Surf Club, an ultra-luxury condominium project in Miami's Surfside neighbourhood, US.

Madison Realty Capital, a real estate private equity company, provided the loan for the project, which is expected to be completed in early 2026.

Seaway North, located at the northern tip of The Surf Club at 9165 Collins Avenue, is currently under construction, with seven out of nine residences already under contract.

The project will be managed by Four Seasons, ensuring services and amenities for residents, including access to the adjacent Four Seasons Surfside facilities.

Upon completion, the 11-storey, nine-unit property will feature seven full-floor residences, a two-storey beach villa, and a penthouse on the tenth floor, designed by French architect Joseph Dirand.

Each unit will boast sculpted terraces with ocean views, enhancing the luxury living experience.

The development will offer an array of on-site amenities such as four swimming pools, a private club, dedicated parking, storage lockers, and a restaurant helmed by chef Thomas Keller.

The financing deal represents the fourth collaboration between Madison Realty Capital and Fort Partners in Miami and across South Florida.

Previous partnerships include a $105m loan for the purchase and modernisation of the Four Seasons Hotel Miami.

Madison Realty Capital managing principal and co-founder Josh Zegen said: “Miami’s Surfside is one of the most coveted neighbourhoods in South Florida and home to some of the top beachfront property in the state.

“Seaway at The Surf Club will redefine the standard for luxury residences in the area and serve as a premier destination for years to come. Fort Partners is the exclusive developer of Four Seasons projects in South Florida, and we are pleased to work with them again to deliver a tailored financing solution for Seaway North at The Surf Club.”