Daniel Benarroch Of Alto Capital Closes $2,983,000 Construction Loan For Miami Single Family Residence
FINANCED
$3,865,000
Florida
See Similar DealsMultiFamily8,250 SF
Financed 07/22/2025
FINANCED
Daniel Benarroch Of Alto Capital Closes $2,983,000 Construction Loan For Miami Single Family Residence
MultiFamily8,250 SF
Financed 07/22/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:8,250 SF
Transaction Type:Loan
A construction loan of $2,983,000 has been secured for a single-family residence located in Miami. The asset is financed under terms that allow for a 24-month construction period, enabling the development of the property within a defined timeframe.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,983,000
- Loan Type: Construction
- Loan Terms: 24 months
- Lender: Daniel Benarroch - Alto Capital
Daniel Benarroch from Alto Capital facilitated the construction loan for the single-family residence, highlighting their capability to finance projects that require structure and confidence to move forward in today’s market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,865,000.00
Monthly NOI$25,766.67
Monthly Debt Service$24,429.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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