Jamie Zambrana, Nelson Garcia & Joseph Basile Secure $16M Construction Loan From Seacoast National Bank
FINANCED
$16,000,000
Florida
See Similar DealsDevelopment Site
Financed 03/26/2026
FINANCED
Jamie Zambrana, Nelson Garcia & Joseph Basile Secure $16M Construction Loan From Seacoast National Bank
Se Federal Hwy
See Similar DealsDevelopment Site
Financed 03/26/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at Southeast Federal Hwy in the Stuart market. The deal was facilitated through a loan amounting to $16,000,000 intended for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Lender: Seacoast National Bank
- Developer: Jamie Zambrana, Nelson Garcia & Joseph Basile
- Title Insurance: Jim Reichert - Kensington Vanguard National Land
The key individuals and companies behind the deal include Jamie Zambrana, Nelson Garcia, and Joseph Basile, who are serving as the developers for the project, and Jim Reichert, who is providing title insurance services through Kensington Vanguard National Land.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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