Updated Oct 13, 2026
Steve Petrucci Secures $4.4M Refinance Loan From Alto Capital For Property At 3 Hudson Avenue
3 Hudson Avenue
$4,400,000
Building Size
—
Asset Type
Single Family Residence
Closing
Dec 2, 2025
About this deal
AI
The asset involved in this transaction is a Single Family property located at 3 Hudson Avenue in Ocean Ridge. The loan amount associated with this asset is $4,400,000, and the loan type is refinance with terms extending for 18 months.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,400,000
- Lender: Alto Capital
- Landlord: Steve Petrucci
- Broker: Ty Pepe
- Loan Type: Refinance
- Loan Terms: 18 Months
Ty Pepe serviced a Mid Construction Refinance to assist an Experienced Homebuilder in the Luxury market of South Florida, providing support through this financing option aimed at helping with the ongoing development of the property.
On the Map
$4,400,000
Single Family Residence
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Ocean Ridge 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93