Updated Apr 10, 2025
Gabriel Sultan Of Alto Capital Funds $5.04M Construction Loan For Five Single-Family Homes In Miami
$5,040,000
$1,110/SF
Building Size
4,539 SF
Asset Type
Single Family Residence
Closing
Mar 27, 2025
About this deal
AI
The transaction involves the ground-up construction of five single-family homes in the Miami market, with a total square footage of 4,539. The loan amount secured for this project is $5,040,000, which is designated as a construction loan with terms structured for 24 months on an interest-only basis.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $5,040,000
- Lender: Gabriel Sultan
- Lender Agency: Alto Capital
- Loan Type: Construction
- Loan Terms: 24 months term / Interest Only
- Units: 5
- Square Footage: 4,539
Gabriel Sultan of Alto Capital was responsible for funding this loan, reflecting a commitment to supporting residential development projects. The financing is structured with an 18-month term, highlighting a tailored approach to meet the needs of builders focused on efficiency and intelligent construction practices.
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
3.15%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93