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City National Bank Of Florida Provides $36M Construction Loan For Development Site In Homestead

Property Image
FINANCED
$36,000,000
Alberto Perez
Juan Carlos Mas

Florida

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Development Site
Financed 04/05/2026
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Property Image
FINANCED

City National Bank Of Florida Provides $36M Construction Loan For Development Site In Homestead

Development Site
Financed 04/05/2026
Alberto Perez
Juan Carlos Mas
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 27641 Southwest 145th Court in Homestead. The site spans 36.9 acres and is intended for the development of 176 townhouses.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $36,000,000
  • Lender: City National Bank of Florida
  • Landlord: Alberto Perez - AJP Ventures
  • Landlord: Juan Carlos Mas - MasCap
  • Loan Type: Construction

This transaction involves Poncecat Mandarin LLC, an entity led by Alberto J. Perez and Juan Carlos Mas, who are key figures in this deal. Lennar Corp. is noted to hold an option to purchase the homesites, indicating ongoing residential development activity in the surrounding region.

Players

City National Bank of Florida
City National Bank of Florida
LENDER
Alberto Perez
Alberto Perez
1 deal$36M volume
LANDLORD
Juan Carlos Mas
Juan Carlos Mas
1 deal$36M volume
LANDLORD

Details

FINANCED
IMAGE: Alberto Perez & Juan Carlos Mas DATE: 04/05/2026 ADDRESS: 27641 Southwest 145th Court MARKET: Homestead ASSET TYPE: Development Site ~ ACRES: 36.9 LENDER: City National Bank of Florida (@CityNationalBankofFlorida) LANDLORD: Alberto Perez - AJP Ventures; Juan Carlos Mas - MasCap LOAN AMOUNT: $36,000,000 LOAN TYPE: Construction NOTE: City National Bank of Florida provided a $36 million construction loan to Poncecat Mandarin LLC, led by Alberto J. Perez of AJP Ventures with Juan Carlos Mas of MasCap, to develop 176 townhouses on a 36.9-acre site at 27641 S.W. 145th Court in Miami-Dade’s Naranja neighborhood. Lennar Corp. holds an option to purchase the homesites, highlighting continued residential development activity in South Miami-Dade.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,000,000.00

Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00