Gabriel Sultan Of Alto Capital Provides $17.5 Million Refinance Loan For Palm Coast Development

The asset involved in the transaction is a single-family development project located in Palm Coast, Florida. The project encompasses a total of 60 homes, with an overall square footage of approximately 130,740, highlighting the scale of the investment in the local real estate market.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $17,500,000
• Lender: Gabriel Sultan - Alto Capital
• Loan Type: Refinance
• Loan Terms: 24 months

This transaction is facilitated by Gabriel Sultan, representing Alto Capital, which structured the refinancing facility to support the development initiative. The arrangement enables the developer to align their construction timeline across multiple assets effectively, ensuring a streamlined execution process in the Florida market without prepayment penalties.