Meyer Saffati Of Alto Capital Provides $4,495,000 Refinance For Miami Single Family Residence

The asset involved in the transaction is a single-family residence located in the Pinecrest market. The loan amount secured for this property is $4,495,000, with a projected value of $7,000,000 upon completion of heavy rehabilitation efforts.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $4,495,000
• Lender: Meyer Saffati - Alto Capital
• Loan Type: Refinance
• Loan Terms: 18 months
• Holdback Amount: $3,001,414
• Prepayment Penalty: No
• Bad Boy Guarantees: 24-month term

Meyer Saffati from Alto Capital structured the financing for the renovation project and arranged for a holdback to fund renovations as construction progresses. This structure allows developers the flexibility needed to confidently execute their business plans.