Updated May 12, 2025
Carlos Mizrahi Of Alto Capital Provides $5M Loan For Ground-Up Construction Project In North Bay Village
$2,632,755
$526/SF
Building Size
5,000 SF
Asset Type
Single Family Residence
Closing
May 22, 2025
About this deal
AI
The transaction involves a single-family asset located in North Bay Village with a total of 5,000 square feet. The property is part of a ground-up construction project funded in Miami.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: Not specified
- Market: North Bay Village
- Lender: Carlos Mizrahi - Alto Capital
- Landlord: Michael Fridental - F&R Group LLC
- Broker: Jonathan Sultan - Strato
- Loan Type: Ground-up Construction
- Loan Terms: 18 months
This transaction showcases the collaboration of key professionals where Carlos Mizrahi has represented Alto Capital, providing financial backing for the construction project. Michael Fridental engages in this partnership as the owner, while Jonathan Sultan acts as the broker facilitating the transaction.
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
6.03%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93