Updated May 13, 2025
Gabriel Sultan Of Alto Capital Provides $3.54M Loan For Miami Beach Single Family Development
$3,541,600
$895/SF
Building Size
3,956 SF
Asset Type
Single Family Residence
Closing
Apr 21, 2025
About this deal
AI
The property involved in this transaction is a single-family home located in Miami Beach, featuring a total square footage of 3,956. The loan related to this property is structured to support construction initiatives.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,541,600
- Lender: Gabriel Sultan - Alto Capital
- Loan Type: Construction
- Loan Terms: 24 months
- No prepayment penalty
- Closing Duration: 15 days
Gabriel Sultan, representing Alto Capital, facilitated the loan, focusing on a swift transaction process to meet the development needs of the client. The underlying intent was to ensure the property development objectives were prioritized throughout the deal.
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
4.48%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93