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Rafael Celis And Nicolas Salgado Of Estela Living Secures $57M Construction Loan For Sabana Reserve

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FINANCED
$57,000,000
Max La Cava
Pier Barinci
Tom Gilliland

Florida

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Development Site2,047,320 SF
Financed 11/20/2024
the dealplayerscompscontact
Property Image
FINANCED

Rafael Celis And Nicolas Salgado Of Estela Living Secures $57M Construction Loan For Sabana Reserve

Northwest 35th Lane Road

See Similar Deals
Development Site2,047,320 SF
Financed 11/20/2024
Max La Cava
Pier Barinci
Tom Gilliland
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$27
Total Square Footage:2,047,320 SF
Transaction Type:Loan

The property asset involved in this transaction is a for-sale single-family home community located at 3718 NW 44th Ave in Ocala. The asset spans a total square footage of 2,047,320 and is associated with a construction loan amount of $57,000,000.

Summary of transaction details:

  • Property Type: For-Sale Single Family Home Community
  • Transaction Amount: $57,000,000
  • Address: 3718 NW 44th Ave
  • Market: Ocala
  • Asset Size: 2,047,320 SF
  • Landlord: Sabana Reserve
  • Brokers: Max La Cava & Pier Barinci - JLL
  • Sponsor: Rafael Celis, Nicolas Salgado, Luis Yanes Sr & Luis Yanes Jr - Estela Living
  • Loan Type: Construction

The transaction includes key individuals such as Rafael Celis, Nicolas Salgado, Luis Yanes Sr, and Luis Yanes Jr who represent the sponsor, Estela Living. The brokers involved, Max La Cava and Pier Barinci, represent JLL in this deal, facilitating the construction loan for the property.

Players

Max La Cava
JLL
Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER
Pier Barinci
JLL
Pier Barinci
27 deals$728.2M volume
BROKER
Tom Gilliland
JLL
Tom Gilliland
4 deals$200.1M volume(415) 395-4918
BROKER

Details

FINANCED
IMAGE: Luis Yanes Jr., Luis Yanes Sr., Max La Cava, Pier Barinci, Rafael Celis, Nicolas Salgado DATE: 11/20/2024 ADDRESS: 3718 NW 44th Ave MARKET: Ocala ASSET TYPE: For-Sale Single Family Home Community ~ SF: 2,047,320 LANDLORD: Sabana Reserve BROKERS: Max La Cava (@Max_La_Cava) & Pier Barinci (@PierBarinci) - JLL (@JLL) SPONSOR: Rafael Celis, Nicolas Salgado, Luis Yanes Sr & Luis Yanes Jr - Estela Living LOAN AMOUNT: $57,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$57,000,000.00

Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00