Daniel Benarroch Of Alto Capital Provides $4,951,250 Construction Loan For Miami Townhome Development

The transaction involves a loan structured for the development of five townhomes located in Miami. The projected completed value for the asset is $7,750,000. The loan is specifically for construction and is set with terms running over 24 months, featuring a construction holdback of $3,855,000 to facilitate ongoing project financing without a prepayment penalty.

Summary of transaction details:

• Property Type: Other
• Transaction Amount: $4,951,250
• Lender: Daniel Benarroch - Alto Capital
• Loan Type: Construction
• Loan Terms: 24 months
• Construction Holdback: $3,855,000
• Projected Completed Value: $7,750,000

Daniel Benarroch of Alto Capital is the lender overseeing this transaction, which is positioned to strengthen Alto Capital's presence in Miami and its standing as a leading private lender nationwide. The financing structure is specifically tailored to the needs of the development project, contributing to a swift and efficient capital flow for the investors involved.