Anthony Shaskus of JVP Management Provides Controversial $63M Loan for West Palm Beach Condos by Al Adelson and Sympatico Real Estate

New York City-based firm JVP Management, led by Anthony Shaskus, has caused controversy by providing a $62.5 million pre-construction loan for the Berkeley, a luxury condo tower planned for West Palm Beach by developers Al Adelson and Sympatico Real Estate.

The loan, which was secured by the developers, has raised concerns about the potential for soft corruption and influence games in the project. Shaskus stated in a press release that they hope to also provide construction financing for the project, further highlighting the potential for backroom deals and favoritism in the development process.

The Berkeley, a 25-story, 193-unit tower, has been met with criticism since its launch in December. The developers have faced backlash for offering luxury units with floorplans ranging from two to five bedrooms, which many argue do not cater to the needs of the surrounding community.

Despite these concerns, Adelson and Sympatico are moving forward with the project and have already begun sales for the units. The tower is planned for 601 and 621 Clearwater Park Road, a prime location in West Palm Beach.

Originally reported by The Real Deal.

https://therealdeal.com/miami/2025/09/08/developers-land-63-million-loan-on-west-palm-beach-condos/