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$2,300,000This 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.

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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.on segovia|catalonia

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CASA SEGOVIA

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LIVING ROOM | SEGOVIA

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BEDROOM | SEGOVIA

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POOL | SEGOVIA

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CASA CATALONIA

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KITCHEN | CATALONIA

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LIVING ROOM | CATALONIA

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POOL | CATALONIA

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GRAND DOBLES

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LIVING ROOM | GRAND DOBLES

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BEDROOM | GRAND DOBLES

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COCHERAS

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OVERALL SITE PLAN

CASA SEGOVIA

CASA CATALONIA

GRAND DOBLES

UNIT A

GRAND DOBLES

UNIT B

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FIRST FLOORADJUSTED SQ. FOOTAGE:UNIT A - 2,859 Sq. Ft. UNIT B - 2,908 Sq. Ft.

UNIT A

UNIT B

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SECOND FLOOR

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ProjectEntity:ProjectName:ProjectDescription:

Type AdjustedSize Count PricePoint Revenue 4.25%SalesCost NetSalesRevenue DepUsedLot1-SFR 3,300SF 1units $576PSF $ 1,900,000 $ 80,750 $ 1,819,250 0.00%Lot2-SFR 3,800SF 1units $526PSF $ 2,000,000 $ 85,000 $ 1,915,000 0.00%Lot2-RowhouseB 2,900SF 1units $569PSF $ 1,650,000 $ 70,125 $ 1,579,875 30.00%Lot2-RowhouseB 2,900SF 1units $569PSF $ 1,650,000 $ 70,125 $ 1,579,875 30.00%WeightedAverage 3,225SF 4units $558PSF $ 7,200,000 $ 306,000 $ 6,894,000

Uses Amount %Total PricePointLandCosts 2,028,942$ 37.0% $157PSF LandClosingCosts 1.45% InterestRate-Construction 4.25%HardCosts 2,709,000$ 49.4% $210PSF HardCostContingency 5.00% LoanType-Construction I/OSoftCosts 575,400$ 10.5% $45PSF SoftCostContingency 5.00%FinancingCosts 169,733$ 3.1% $13PSF FinancingCost 1.50% BuildoutTerm 12mosTotalUses 5,483,075$ 100.0% $425PSF

Sources Amount %Total PricePointEquity 1,453,015$ 26.5% $113PSFPurchDepositsUsed 947,925$ 17.3% $73PSFLoan(minimum) 3,082,135$ 56.2% $239PSFTotalSources 5,483,075$ 100.0% $425PSF

Type Amount %Total PricePointProjectRevenue,net 6,894,000$ 125.7% $534PSFProjectCosts 5,483,075$ 100.0% $425PSFProjectProfit 1,410,925$ 25.7% $109PSF

-07/01/16 08/01/16 10/01/16 11/01/17 02/28/18 03/31/18

0 1 2 3 4 5Sellout(netofClosingCosts) -$ -$ -$ 947,925$ 2,925,163$ 3,020,913$ 6,894,000$Land&ClosingCosts (2,028,942)$ -$ -$ -$ -$ -$ (2,028,942)$HardCosts -$ -$ (176,085)$ (2,356,830)$ (176,085)$ -$ (2,709,000)$SoftCosts -$ (82,793)$ (156,118)$ (305,760)$ (30,730)$ -$ (575,400)$FinancingCosts (5,250)$ (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$BeginningCash -$ -$ -$ -$ -$ -$ -$

Equity 1,451,852$ -$ -$ -$ (725,926)$ (725,926)$ -$ BankLoan 582,340$ 148,418$ 340,649$ 1,775,092$ (1,965,607)$ (880,891)$ -$

ProjectProfit - - - - - 1,410,925 1,410,925-

(1,451,852)$ -$ -$ -$ 725,926$ 2,136,851$

Total

PonceCatSegoviaLLCCasasSegovianasLasCasas|Segovia+Catalonia2SingleFamilyHomeand2RowHomes

ASSUMPTIONSBuildout Financing

UNITMIX

Sources&Uses

SOURCES&USES

48%IRR56%ROE

InvestmentReturns

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Preparedby:IBlancoPeruyera

4/25/162:19PM **CONFIDENTIAL** CopyofPonceCatSegoviaLLCProforma16-0419.xlsxCashFlow

ACQUISITION07/2016 08/2016 09/2016 10/2016 02/2017 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018

Sellout(netofClosingCosts) 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$Sellout-Lot1SFR 0.0% 1,819,250$ -$ -$ 1,819,250$Sellout-Lot2SFR 0.0% 1,915,000$ -$ -$ 1,915,000$Sellout-Lot2RowB-unit1 30.0% 1,579,875$ 157,988$ 157,988$ 157,988$ 1,105,913$Sellout-Lot2RowB-unit2 30.0% 1,579,875$ 157,988$ 157,988$ 157,988$ 1,105,913$

Land&ClosingCosts 2,028,942$ (2,028,942)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Land-Lot1 2,000,000$ (2,000,000)$AcquisitionClosingCosts 1.45% 28,942$ (28,942)$

HardCosts 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)$ -$ -$ -$ HardCost-Lot1SFR 660,000$ (42,900)$ (46,200)$ (52,800)$ (59,400)$ (66,000)$ (72,600)$ (79,200)$ (72,600)$ (66,000)$ (59,400)$ (42,900)$ -$ -$ -$ HardCost-Lot2SFR 760,000$ (49,400)$ (53,200)$ (60,800)$ (68,400)$ (76,000)$ (83,600)$ (91,200)$ (83,600)$ (76,000)$ (68,400)$ (49,400)$ -$ -$ -$ HardCost-Lot2RowB-unit1 580,000$ (37,700)$ (40,600)$ (46,400)$ (52,200)$ (58,000)$ (63,800)$ (69,600)$ (63,800)$ (58,000)$ (52,200)$ (37,700)$ -$ -$ -$ HardCost-Lot2RowB-unit2 580,000$ (37,700)$ (40,600)$ (46,400)$ (52,200)$ (58,000)$ (63,800)$ (69,600)$ (63,800)$ (58,000)$ (52,200)$ (37,700)$ -$ -$ -$ HardCostContingency 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)$ -$ -$ -$

SoftCosts 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/OtherTesting 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)$ -$ -$ -$ SiteAdmin 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&ProfessionalFees 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)$ -$ -$ -$DeveloperOH 125,000$ (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)$ -$ -$ -$SoftCostContingency 5.0% 27,400$ (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)$ -$ -$ -$

FinancingCosts 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)$LoanInterest 164,483$ (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)$LoanClosingCosts 1.5% 5,250$ (5,250)$

SubtotalCashRequirements 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$

BeginningCash -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$Equity 1,453,015$ 1,451,852$ (362,963)$ (362,963)$ (725,926)$BankLoan 582,340$ 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)$

EndingCash -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,410,925$

LoanBegBal -$ 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$LoanDraws,net 3,077,786$ 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)$LoanInterest 4.25% -$ 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$

LoanEndBal 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$

DESCRIPTION BudgetPRE-DEVELOPMENT BUILDOUT SELLOUT

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DEVELOPER

ARCHITECT

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.

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.

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Exclusive Broker

Manny Chamizo III1430 S Dixie Coral Gables Fl 33146

T. 786-453-3171 C. 786.486-6655 1 www.TheREBROKER.COM www.TheREbroker.COM