A financing transaction was structured for the acquisition and rehabilitation of a single-family residence in Pinecrest, with a projected after-repair value of $7,300,000. The loan amount for this acquisition is set at $5,000,000, structured to include a $3,812,000 holdback that will be released in stages as renovations progress. The market is known for its exclusivity and stability within Miami-Dade, characterized by consistently high property values.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $5,000,000
• Lender: Rafael Casas - Alto Capital
• Loan Type: Acquisition
• Loan Terms: 24 months
• Holdback Amount: $3,812,000
• Projected After-Repair Value: $7,300,000

Rafael Casas from Alto Capital is facilitating this financing arrangement, a leading private lender in Florida known for structuring smart holdbacks and supporting various project phases. Alto Capital is also actively licensed in Arizona and California, catering to clients involved in acquiring, renovating, and reselling properties.