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SteeleHarbour Capital Partners Secures $26.5 Million Acquisition Loan From Centennial Bank In Nokomis

Property Image
FINANCED
$26,500,000
Charles Foschini
Shannon Wilson
+ 1

Florida

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Development Site
Financed 05/12/2025
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Property Image
FINANCED

SteeleHarbour Capital Partners Secures $26.5 Million Acquisition Loan From Centennial Bank In Nokomis

2001 Laurel Road East

See Similar Deals
Development Site
Financed 05/12/2025
Charles Foschini
Shannon Wilson
+ 1
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The asset involved in this transaction is a development site located at 2001 Laurel Road East in Nokomis. The loan associated with this property is in the amount of $26,500,000, classified as an acquisition loan with a term of 24 months.

Summary of transaction details:

This transaction involves key individuals in the real estate market, including Jeffrey Woodin representing Centennial Bank and the landlord SteeleHarbour Capital Partners. The deal is facilitated by a team of brokers from Berkadia, comprising Charles Foschini, Christopher Apone, Shannon Wilson, and Luke Maganas, who contributed their expertise to this acquisition process.

Players

Charles Foschini
57 deals$3.1B volume(305) 267-6608
BROKER

Christopher (Chris) Apone
Berkadia
49 deals$2.4B volume
BROKER

Shannon Wilson
Berkadia
19 deals$825.9M volume
BROKER

Luke Maganas
JLL
4 deals$153.9M volume(786) 310-3702
BROKER

Centennial Bank
LENDER

Details

FINANCED
IMAGE: Shannon Wilson, Luke Maganas, Charles Foschini, Christopher Apone & Jeffrey Woodin DATE: 5/13/2025 ADDRESS: 2001 Laurel Road East MARKET: Nokomis ASSET TYPE: Development Site LENDER: Jeffrey Woodin - Centennial Bank (@my100bank) LANDLORD: SteeleHarbour Capital Partners BROKERS: Charles Foschini (@Gladesman1), Christopher Apone, Shannon Wilson & Luke Maganas - Berkadia (@Berkadia) LOAN AMOUNT: $26,500,000 LOAN TYPE: Acquisition LOAN TERMS: 24 months

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,500,000.00

Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00