Alto Capital Provides $5,180,000 Refinance For Ground-Up Construction In Miami Springs

In Miami Springs, a refinance loan was structured for a ground-up construction project involving 4 single-family homes. The loan amount was $5,180,000 with a term of 24 months and no prepayment penalty.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $5,180,000
• Loan Type: Refinance w/ Holdback — Ground-Up Construction
• Lender: Alto Capital
• Term: 24 months
• Prepayment Penalty: None

Meyer Saffati represented Alto Capital in this transaction, leveraging a holdback structure to release capital as project milestones are met, allowing flexibility tailored to the construction schedule.