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

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FINANCED
$3,998,896

Florida

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Single Family Residence5,392 SF
Financed 04/04/2025
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Property Image
FINANCED

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

Single Family Residence5,392 SF
Financed 04/04/2025
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$741
Total Square Footage:5,392 SF
Transaction Type:Loan

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.

Players

Daniel Benarroch
10 deals$43.2M volume
LENDER

Details

FINANCED
IMAGE: Daniel Benarroch DATE: 4/4/2025 MARKET: Miami ASSET TYPE: Single Family ~ SF: 5,392 LENDER: Daniel Benarroch - Alto Capital (@AltoCapital_) LOAN AMOUNT: $3,998,896 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: ๐Ÿ—๏ธ NEW CONSTRUCTION IN COCONUT GROVE A visionary project backed by a solid financial structure. Through a refinance loan structured by Alto Capital, $3,998,896.75 was approved to build a luxury single-family home from the ground up in one of Miamiโ€™s most exclusive neighborhoods. ๐Ÿ“… Term: 24 months โ€” No prepayment penalty ๐Ÿก Property Type: Single-Family ๐Ÿ’ผ Style: High-end residential in the heart of Coconut Grove This isnโ€™t just a deal โ€” itโ€™s a strategic move that reflects the expertise of our investors and the strength of a financial team that gets things done. ๐Ÿ” Smart investing starts with smart building. Ready to build your next project? ๐Ÿ“ฉ Contact us: [email protected] ๐Ÿ“ž 305-381-0153

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,998,896.75

Monthly NOI$26,659.31
Monthly Debt Service$25,275.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00