Daniel Benarroch Of Alto Capital Provides $2.5 Million Construction Loan For Townhouses In Miami

The asset involved in this transaction consists of two ground-up townhouses located at 1500 Southwest 19th Street, Miami, FL 33145. This project is structured as a construction loan amounting to $2,500,000. The property has a market value of $4.54 million and encompasses a total of 5,320 square feet.

Summary of transaction details:

• Property Type: Townhouses
• Transaction Amount: $2,500,000
• Market Value: $4.54 million
• Square Footage: 5,320
• Address: 1500 Southwest 19th Street, Miami, FL 33145
• Developer: Luis Sanchez Abarca
• Lender: Daniel Benarroch - Alto Capital
• Loan Terms: Fixed rate of 8.75%, 15-month term, no prepayment penalty

Daniel Benarroch, representing Alto Capital, has facilitated the financing for this residential development, aligning with Luis Sanchez Abarca's vision of delivering high-quality builds in the Miami market. Abarca's focus is on executing strategically structured projects that offer long-term value.