Ignacio Montes Of Alta Developers Secures $60 Million Construction Loan For Multfamily In Homestead

The asset involved in this transaction is a multifamily property located at 24450 Southwest 127th Avenue in the Homestead market, consisting of 308 units. A construction loan of $60,000,000 has been secured for this property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Lender: Jorge Gonzalez - City National Bank of Florida
• Landlord: Ignacio Montes - Alta Developers
• Landlord's Representative: Nick Scribani, Max Ralby, Holden Witkoff - Newmark
• Broker: Ricky Braha - Newmark
• Loan Type: Construction

The transaction highlights key industry participants, with Jorge Gonzalez serving as the lender while Ignacio Montes represents the landlord. The deal is facilitated by a team from Newmark, including Nick Scribani, Max Ralby, and Holden Witkoff representing the landlord, and broker Ricky Braha managing the transaction details.