Hicham Elkerdoudi Of Elker Development Group Secures $3,000,000 Loan From Alto Capital

The asset involved in this transaction is a development site located at 1965 Alamanda Drive in North Miami. The loan amount secured against this property is $3,000,000 for construction purposes, as it is intended for redevelopment into a new luxury single-family residence.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Lender: Alto Capital
• Landlord: Hicham Elkerdoudi - Elker Development Group
• Loan Type: Construction

Hicham Elkerdoudi represents Elker Development Group in this transaction. The landlord has noted a focus on acquiring properties for residential development projects in the neighborhood, with plans for a concentrated portfolio of new projects in the area. For project inquiries, further contact is encouraged through Elker Development Group's direct communication channels.