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Meyer Saffati Of Alto Capital Closes $3.87 Million Construction Loan For Naples Multifamily Development

Property Image
FINANCED
$3,867,500

Florida

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MultiFamily8,060 SF
Financed 01/10/2025
the dealplayerscompscontact
Property Image
FINANCED

Meyer Saffati Of Alto Capital Closes $3.87 Million Construction Loan For Naples Multifamily Development

MultiFamily8,060 SF
Financed 01/10/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$479
Total Square Footage:8,060 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located on 5th Avenue SW in Naples, Florida. The development consists of two luxury residences, each spanning over 4,000 square feet, with a total of 8,060 square feet across both units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,867,500
  • Lender: Meyer Saffati - ALTO CAPITAL
  • Loan Type: Construction
  • Loan Terms: 18 months
  • LTC: 90%
  • Interest Rate: 9.99%
  • Prepayment Penalty: No

The deal is facilitated by Meyer Saffati representing ALTO CAPITAL, who provided the financing. The loan is structured as interest-only for the duration of the 18-month term, aiming to empower the developer in bringing this high-value real estate project to fruition.

Players

Alto Capital
Alto Capital
LENDER
Rialto Capital Management
Rialto Capital Management
LENDER
Rialto Capital
Rialto Capital
LENDER

Details

FINANCED
IMAGE: Meyer Saffati DATE: 01/10/2025 MARKET: Naples ASSET TYPE: Multifamily ~ UNITS: 2 ~ SF: 8,060 LENDER: Meyer Saffati - ALTO CAPITAL (@AltoCapital_) LOAN AMOUNT: $3,867,500 LOAN TYPE: Construction LOAN TERMS: 18 months NOTE FROM LENDER: At Alto Capital, we are proud to announce the successful closing of a multi-million dollar construction loan for the development of two luxury residences spanning 4,000+ SQF each, strategically located on prestigious 5th Avenue SW in Naples, FL. ✅ 90% LTC ✅ 9.99% Rate ✅ 18-Month Term | Interest-Only ✅ No Prepayment Penalty We continue to empower developers with fast, flexible, and strategic financing to bring high-value real estate projects to life. At Alto Capital, we don’t just fund deals—we build success. 📩 Ready to finance your next project? Contact us today!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,867,500.00

Monthly NOI$25,783.33
Monthly Debt Service$24,445.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00