Updated Apr 9, 2026
Jamie Zambrana, Nelson Garcia & Joseph Basile Secure $16M Construction Loan From Seacoast National Bank
Se Federal Hwy
$16,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 26, 2026
About this deal
AI
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.
On the Map
$16,000,000
Development Site
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Players
Stuart Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93