Jamie Zambrana, Nelson Garcia & Joseph Basile Secure $16M Construction Loan From Seacoast National Bank

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.