Cesar Molina And Jose R. Boschetti Secure $34.6M Construction Loan For Waterfront Estate In Coral Gables

The property asset involved is a development site located at 480 Casuarina Concourse in Coral Gables. The loan amount for this construction project is $34,600,000, which is specifically designated for a custom waterfront estate in the ultra-exclusive Gables Estates area. This financing represents one of Centennial Bank's largest custom residential loans, reflecting its strategy to engage with Miami’s high-end market for luxury homes.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $34,600,000
• Lender: J.C. De Ona & Joe Garcia - Centennial Bank
• Landlord: Cesar Molina - CMA Homes
• Landlord: Jose R. Boschetti - The Boschetti Group
• Market: Coral Gables
• Loan Type: Construction

Key individuals involved in this transaction include Cesar Molina, who is leading the project design, as well as Jose R. Boschetti, who is part of The Boschetti Group. Both developers, along with CMA Homes, are responsible for delivering luxury homes across top South Florida neighborhoods, a continued effort backed by the financing from Centennial Bank.