Alto Capital Provides $5 Million Construction Loan For Coral Gables Residence Renovation

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.