Daniel Benarroch Of Alto Capital Provides $3,320,000 Construction Loan For Miami Single Family Residence

A refinance was structured for a single-family residence in Miami, with a loan amount of $3,320,000 and a projected completed value of $5,200,000. The financing includes a holdback of $2,928,642, which is intended to fund the remaining phases of the project over an 18-month term without a prepayment penalty.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $3,320,000
• Lender: Daniel Benarroch - Alto Capital
• Loan Type: Construction
• Loan Terms: 18 months
• Projected Completed Value: $5,200,000
• Holdback Amount: $2,928,642

Daniel Benarroch from Alto Capital played a key role in structuring the financing solution. The approach taken by Alto Capital is designed to align capital with the development strategy, ensuring that liquidity is preserved and cash flow improved throughout the project's phases.