$2,300,000 LAS C4SAS C

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1 $2,300,000 This property consists of an approved Luxury 4 home enclave located on the corner of Segovia & Catalonia in Coral Gables. This exceptionally well-located project is for 2 spectacularly designed homes along with 2 equally well designed Townhomes. Seller will deliver property with Coral Gables Board of Architect approved plans ready for permit and provides a home builder an ideal turn key development opportunity in the heart of Coral Gables. The Property is on the South West corner of Segovia and Catalonia among some of the city's finest luxury residential projects. Just steps away from Ponce De Leon and Miracle Mile which has the finest dining, boutique shops and galleries of downtown Coral Gables. SEGOVIA + CATALONIA LAS LAS C4SAS C

2 TUCKED IN THE CORNER OF SEGOVIA AND CATALONIA YOU CAN FIND A ONE OF A KIND COMMUNITY. BEHIND ITS GATES, 2 MODERN SINGLE FAMILY HOMES + 2 TOWN HOMES WILL SHARE THE SHADOWS OF THE MAJESTIC LANDSCAPES OF THE GABLES. EACH WITH UNIQUE, STATE OF THE ART FEATURES AND DESIGNED WITH A FULL UNDERSTANDING OF WHAT THE GABLES LIFESTYLE IS. LAS C4SAS SEGOVIA + CATALONIA LAS C SAS 2

3 LAS C4SAS SEGOVIA + CATALONIA LAS C SAS 3

4 4

5 5 CASA SEGOVIA

6 6 LIVING ROOM SEGOVIA

7 7 BEDROOM SEGOVIA

8 8 POOL SEGOVIA

9 9 CASA CATALONIA

10 10 KITCHEN CATALONIA

11 11 LIVING ROOM CATALONIA

12 12 POOL CATALONIA

13 13 GRAND DOBLES

14 14 LIVING ROOM GRAND DOBLES

15 15 BEDROOM GRAND DOBLES

16 16 COCHERAS

17 OVERALL SITE PLAN GRAND DOBLES UNIT A GRAND DOBLES UNIT B on segovia catalonia CASA CATALONIA CASA SEGOVIA LAS C4SAS S E G O V I A + C ATA LO N I A LAS C SAS 17

18 FIRST FLOOR ADJUSTED SQ. FOOTAGE: UNIT A - 2,859 Sq. Ft. UNIT B - 2,908 Sq. Ft. UNIT A UNIT B 18

19 19 SECOND FLOOR

20 20

21 Project Entity: Project Name: Project Description: PonceCat Segovia LLC Casas Segovianas Las Casas Segovia + Catalonia 2 Single Family Home and 2 RowHomes UNIT MIX Type Adjusted Size Count Price Point Revenue 4.25 % Sales Cost Net Sales Revenue Dep Used Lot 1 - SFR 3,300 SF 1 units $576 PSF $ 1,900,000 $ 80,750 $ 1,819, % Lot 2 - SFR 3,800 SF 1 units $526 PSF $ 2,000,000 $ 85,000 $ 1,915, % Lot 2 - Rowhouse B 2,900 SF 1 units $569 PSF $ 1,650,000 $ 70,125 $ 1,579, % Lot 2 - Rowhouse B 2,900 SF 1 units $569 PSF $ 1,650,000 $ 70,125 $ 1,579, % Weighted Average 3,225 SF 4 units $558 PSF $ 7,200,000 $ 306,000 $ 6,894,000 SOURCES & USES ASSUMPTIONS Uses Amount % Total Price Point Buildout Financing Land Costs $ 2,028, % $157 PSF Land Closing Costs 1.45% Interest Rate - Construction 4.25% Hard Costs $ 2,709, % $210 PSF Hard Cost Contingency 5.00% Loan Type - Construction I/O Soft Costs $ 575, % $45 PSF Soft Cost Contingency 5.00% Financing Costs $ 169, % $13 PSF Financing Cost 1.50% Buildout Term 12 mos Total Uses $ 5,483, % $425 PSF Sources Amount % Total Price Point Equity $ 1,453, % $113 PSF Purch Deposits Used $ 947, % $73 PSF Loan (minimum) $ 3,082, % $239 PSF Total Sources $ 5,483, % $425 PSF Type Amount % Total Price Point Investment Returns Project Revenue, net $ 6,894, % $534 PSF Project Costs $ 5,483, % $425 PSF 56% ROE 48% IRR Project Profit $ 1,410, % $109 PSF - Sources & Uses 07/01/16 08/01/16 10/01/16 11/01/17 02/28/18 03/31/ Total Sellout (net of Closing Costs) $ - $ - $ - $ 947,925 $ 2,925,163 $ 3,020,913 $ 6,894,000 Land & Closing Costs $ (2,028,942) $ - $ - $ - $ - $ - $ (2,028,942) Hard Costs $ - $ - $ (176,085) $ (2,356,830) $ (176,085) $ - $ (2,709,000) Soft Costs $ - $ (82,793) $ (156,118) $ (305,760) $ (30,730) $ - $ (575,400) Financing Costs $ (5,250) $ (65,625) $ (8,446) $ (60,427) $ (26,814) $ (3,171) $ (169,733) Subtotal $ (2,034,192) $ (148,418) $ (340,649) $ (1,775,092) $ 2,691,533 $ 3,017,742 $ 1,410,925 Beginning Cash $ - $ - $ - $ - $ - $ - $ - Equity $ 1,451,852 $ - $ - $ - $ (725,926) $ (725,926) $ - Bank Loan $ 582,340 $ 148,418 $ 340,649 $ 1,775,092 $ (1,965,607) $ (880,891) $ - Project Profit ,410,925 1,410,925 $ (1,451,852) $ - $ - $ - $ 725,926 $ 2,136,851-21

22 Prepared by: I Blanco Peruyera DESCRIPTION Budget ACQUISITION PRE-DEVELOPMENT BUILDOUT SELLOUT 07/ / / / / / / / / / / / / / / / / /2018 Sellout (net of Closing Costs) Deposit $ 6,894,000 $ - $ - $ - $ - $ - $ - $ - $ 157,988 $ 157,988 $ 157,988 $ 157,988 $ - $ 157,988 $ 157,988 $ - $ 1,819,250 $ 1,105,913 $ 3,020,913 Sellout - Lot 1 SFR 0.0% $ 1,819,250 $ - $ - $ 1,819,250 Sellout - Lot 2 SFR 0.0% $ 1,915,000 $ - $ - $ 1,915,000 Sellout - Lot 2 Row B-unit % $ 1,579,875 $ 157,988 $ 157,988 $ 157,988 $ 1,105,913 Sellout - Lot 2 Row B-unit % $ 1,579,875 $ 157,988 $ 157,988 $ 157,988 $ 1,105,913 Land & Closing Costs $ 2,028,942 $ (2,028,942) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Land - Lot 1 $ 2,000,000 $ (2,000,000) Acquisition Closing Costs 1.45% $ 28,942 $ (28,942) Hard Costs $ 2,709,000 $ - $ - $ - $ - $ (176,085) $ (189,630) $ (216,720) $ (243,810) $ (270,900) $ (297,990) $ (325,080) $ (297,990) $ (270,900) $ (243,810) $ (176,085) $ - $ - $ - Hard Cost - Lot 1 SFR $ 660,000 $ (42,900) $ (46,200) $ (52,800) $ (59,400) $ (66,000) $ (72,600) $ (79,200) $ (72,600) $ (66,000) $ (59,400) $ (42,900) $ - $ - $ - Hard Cost - Lot 2 SFR $ 760,000 $ (49,400) $ (53,200) $ (60,800) $ (68,400) $ (76,000) $ (83,600) $ (91,200) $ (83,600) $ (76,000) $ (68,400) $ (49,400) $ - $ - $ - Hard Cost - Lot 2 Row B-unit 1 $ 580,000 $ (37,700) $ (40,600) $ (46,400) $ (52,200) $ (58,000) $ (63,800) $ (69,600) $ (63,800) $ (58,000) $ (52,200) $ (37,700) $ - $ - $ - Hard Cost - Lot 2 Row B-unit 2 $ 580,000 $ (37,700) $ (40,600) $ (46,400) $ (52,200) $ (58,000) $ (63,800) $ (69,600) $ (63,800) $ (58,000) $ (52,200) $ (37,700) $ - $ - $ - Hard Cost Contingency 5.0% $ 129,000 $ (8,385) $ (9,030) $ (10,320) $ (11,610) $ (12,900) $ (14,190) $ (15,480) $ (14,190) $ (12,900) $ (11,610) $ (8,385) $ - $ - $ - Soft Costs 21% HC $ 575,400 $ - $ (82,793) $ (55,860) $ (58,608) $ (41,650) $ (36,610) $ (37,450) $ (32,200) $ (30,625) $ (30,625) $ (31,675) $ (30,625) $ (30,625) $ (45,325) $ (30,730) $ - $ - $ - Architectural & Engineering $ 125,000 $ (35,000) $ (30,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ - $ - $ - Soil/Survey/Other Testing $ 6,000 $ (700) $ (1,200) $ - $ (2,000) $ - $ - $ (1,000) $ - $ - $ (1,000) $ (100) $ - $ - $ - Plans, Printing & Reproduction $ 3,000 $ (750) $ (300) $ (300) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ (150) $ - $ - $ - Site Admin $ 24,000 $ (7,200) $ (2,400) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ (1,200) $ - $ - $ - Inspections, Permits & Fees $ 100,000 $ (12,000) $ (18,000) $ (10,000) $ (5,000) $ (10,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ (5,000) $ - $ - $ - Insurance $ 30,000 $ (8,000) $ (12,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ (1,000) $ - $ - $ - R.E. Taxes $ 25,000 $ (12,000) (13,000) - $ - $ - Legal & Professional Fees $ 30,000 $ (10,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ (1,500) $ - $ - $ - Marketing & Advertising $ 75,000 $ (4,500) $ (1,000) $ (15,000) $ (4,000) $ (4,000) $ (11,000) $ (4,000) $ (4,500) $ (4,500) $ (4,500) $ (4,500) $ (4,500) $ (4,500) $ (4,500) $ - $ - $ - Developer OH $ 125,000 $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ (10,417) $ - $ - $ - General & Administrative $ 5,000 $ (200) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ (400) $ - $ - $ - Soft Cost Contingency 5.0% $ 27,400 $ (3,943) $ (2,660) $ (2,791) $ (1,983) $ (1,743) $ (1,783) $ (1,533) $ (1,458) $ (1,458) $ (1,508) $ (1,458) $ (1,458) $ (2,158) $ (1,463) $ - $ - $ - Financing Costs $ 169,733 $ (5,250) $ (65,625) $ (2,595) $ (2,812) $ (3,039) $ (3,832) $ (4,660) $ (5,577) $ (6,015) $ (6,544) $ (7,172) $ (7,901) $ (9,093) $ (9,634) $ (10,132) $ (10,900) $ (5,781) $ (3,171) Loan Interest $ 164,483 $ (65,625) $ (2,595) $ (2,812) $ (3,039) $ (3,832) $ (4,660) $ (5,577) $ (6,015) $ (6,544) $ (7,172) $ (7,901) $ (9,093) $ (9,634) $ (10,132) $ (10,900) $ (5,781) $ (3,171) Loan Closing Costs 1.5% $ 5,250 $ (5,250) Subtotal Cash Requirements $ 1,410,925 $ (2,034,192) $ (148,418) $ (58,455) $ (61,419) $ (220,774) $ (230,072) $ (258,830) $ (123,599) $ (149,552) $ (177,172) $ (205,939) $ (336,516) $ (152,630) $ (140,781) $ (216,947) $ 1,808,350 $ 1,100,131 $ 3,017,742 Beginning Cash $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Equity $ 1,453,015 $ 1,451,852 $ (362,963) $ (362,963) $ (725,926) Bank Loan $ 582,340 $ 148,418 $ 58,455 $ 61,419 $ 220,774 $ 230,072 $ 258,830 $ 123,599 $ 149,552 $ 177,172 $ 205,939 $ 336,516 $ 152,630 $ 140,781 $ 216,947 $ (1,445,387) $ (737,168) $ (880,891) Ending Cash $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,410,925 Loan Beg Bal $ - $ 582,340 $ 732,820 $ 793,871 $ 858,101 $ 1,081,915 $ 1,315,818 $ 1,574,648 $ 1,698,248 $ 1,847,800 $ 2,024,972 $ 2,230,911 $ 2,567,427 $ 2,720,058 $ 2,860,839 $ 3,077,786 $ 1,632,399 $ 895,231 Loan Draws, net $ 3,077,786 $ 582,340 $ 148,418 $ 58,455 $ 61,419 $ 220,774 $ 230,072 $ 254,170 $ 118,023 $ 143,538 $ 170,628 $ 198,768 $ 328,615 $ 143,538 $ 131,148 $ 206,815 $ (1,456,287) $ (742,950) $ (898,402) Loan Interest 4.25% $ - $ 2,062 $ 2,595 $ 2,812 $ 3,039 $ 3,832 $ 4,660 $ 5,577 $ 6,015 $ 6,544 $ 7,172 $ 7,901 $ 9,093 $ 9,634 $ 10,132 $ 10,900 $ 5,781 $ 3,171 Loan End Bal $ 582,340 $ 732,820 $ 793,871 $ 858,101 $ 1,081,915 $ 1,315,818 $ 1,574,648 $ 1,698,248 $ 1,847,800 $ 2,024,972 $ 2,230,911 $ 2,567,427 $ 2,720,058 $ 2,860,839 $ 3,077,786 $ 1,632,399 $ 895,231 $ 0 22

23 DEVELOPER Whatever your goal, the space you find yourself in defines your experiences. AJP Ventures understands that, allowing our commitment to quality, innovation and integrity of great design to serve as the foundation for our success and yours. Ask any of our partners, investors or clients, and they will speak to what sets us apart: quality. Aligning your wants and needs with those of the communities you integrate yourself into, AJP Ventures is a vertically integrated organization that delivers functional design and personalized service that fits your business, your objectives and your life. We understand that it s not just about building something; it s about creating something special. ARCHITECT Roney J. Mateu, FAIA, has enjoyed years of success since the onset of his career in 1976, wining over 60 AIA Design Awards as well as 2012 s Architecture Firm of the Year. The work of MATEU Architecture encompasses a wide variety of building types; whether it is a church, a major league ballpark, a home, or a glass museum, his work is designed and built to last. Mateu designs with clarity of purpose to impact the place it is sited and to inspire its users with the attributes of beauty and honesty; engagement and timelessness. 23

24 Exclusive Broker Manny Chamizo III 1430 S Dixie Coral Gables Fl T C