Updated Sep 24, 2025
Meyer Saffati Of Alto Capital Provides $2.86M Construction Loan In Miami Beach For 18 Months
$2,864,000
$811/SF
Building Size
3,530 SF
Asset Type
Single Family Residence
Closing
Jul 31, 2025
About this deal
AI
The asset involved is a single-family property located in Miami Beach, featuring a square footage of 3,530. This property is associated with a construction loan amounting to $2,864,000, designated for ground-up construction. The loan terms extend for 18 months without a prepayment penalty.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,864,000
- Loan Type: Construction
- Loan Terms: 18 months
- Lender: Meyer Saffati - Alto Capital
- Location: Miami Beach
Meyer Saffati, representing Alto Capital, facilitated the financial arrangement for the construction loan. This transaction supports new constructions in Miami Beach and positions the borrower to leverage prompt capital for development purposes.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93