Alto Capital Provides $5 Million Construction Loan For Coral Gables Residence Renovation
$5,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
May 13, 2026
AI
The asset involved in this transaction is a single-family residence (SFR) located in Coral Gables. A financing of $5,000,000 was secured to support a full-scale renovation of the property, which includes over $2.3 million specifically allocated for repositioning and expanding the residence within a strong Miami-Dade residential market.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,000,000
- Lender: Daniel Benarroch - Alto Capital
- Loan Type: Construction
- Loan Terms: 18 months
Alto Capital, represented by Daniel Benarroch, structured this financing to include a term of 18 months with no prepayment penalty. This arrangement is designed to facilitate an efficient execution process and ensures that the investor’s exit strategy is aligned with their objectives.
Players
Coral Gables 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93