Mayer Saffati Of Alto Capital Provides $5,000,000 Refinance For Miami Single-Family Residence

A refinance loan of $5,000,000 was structured for the full rehabilitation of a single-family residence located in Miami’s Upper Eastside, a rapidly developing submarket. The property is projected to reach a value of $8,500,000 upon completion, with a $4,570,524 holdback designated specifically for a substantial rehabilitation of the asset.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $5,000,000
• Lender: Mayer Saffati - Alto Capital
• Loan Type: Refinance
• Loan Terms: 18 months
• Projected Value upon Completion: $8,500,000
• Holdback Amount for Rehabilitation: $4,570,524

Mayer Saffati represents Alto Capital, which specializes in financing complex projects and creating tailored holdback structures. The firm operates primarily in Florida and is in the process of extending its services into Arizona and California.