Daniel Benarroch Of Alto Capital Provides $3,998,896 Loan For New Construction In Coconut Grove

This transaction involves a loan secured for a new construction project in Coconut Grove, Miami. The asset type is a single-family home with a total square footage of 5,392. The approved loan amount is $3,998,896 for the purpose of building from the ground up in an exclusive neighborhood. The loan is classified as a construction loan with a term of 24 months, and there is no prepayment penalty associated with it.

Summary of transaction details:

• Property Type: Single-Family
• Transaction Amount: $3,998,896
• Market: Miami
• Loan Type: Construction
• Loan Terms: 24 months
• Lender: Daniel Benarroch - Alto Capital

The financing structure is innovative and supported by a strong financial plan that demonstrates the capability of the investment team. Daniel Benarroch of Alto Capital is the lender facilitating this transaction, and the deal reflects strategic initiatives aimed at enhancing high-end residential development in the area.