Matthew Killeen Secures $6,315,000 Construction Loan From Alto Capital For Fort Lauderdale Residence

The asset involved in this transaction is a single-family property located at 1727 Middle River Drive in Fort Lauderdale. The square footage of the property is 9,500. The transaction is backed by a loan amounting to $6,315,000 for construction purposes, with a loan term of 24 months. The property is situated in a market showing growing demand for ultra-luxury residential options.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $6,315,000
• Address: 1727 Middle River Drive
• Market: Fort Lauderdale
• Asset Size: 9,500 SF
• Lender: Alto Capital
• Borrower: Matthew Killeen
• Broker: Ty Pepe - TP Capital
• Loan Type: Construction
• Loan Terms: 24 months

This transaction involves Ty Pepe, representing the borrower Matthew Killeen, and Alto Capital as the lender. Ty Pepe and Alto Capital facilitated a 24-month acquisition loan combined with a full construction loan to support the increasing ultra-luxury residential demand in the Fort Lauderdale area.