Updated Apr 23, 2026
Gabriel Sultan Of Alto Capital Provides $17.5 Million Refinance Loan For Palm Coast Development
$16,070,733
$122/SF
Building Size
130,740 SF
Asset Type
Single Family Residence
Closing
Feb 10, 2026
About this deal
AI
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.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Deal FAQ
Visit Gabriel Sultan to view all their deals.
Browse Florida single family residence loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93