Daniel Benarroch Of Alto Capital Secures $5,592,000 Refinance For Pinecrest Single-Family Residence

A residential project located in Pinecrest, Florida, involves a single-family residence with a projected completed value of $8,000,000. The financing package secured for this project amounts to $5,592,000, within which $4,040,000 is allocated toward construction costs. The structure is refined under a 24-month refinancing term for ground-up construction efforts.

Summary of transation details:

• Property Type: Single-Family Residence
• Transaction Amount: $5,592,000
• Lender: Daniel Benarroch – Alto Capital
• Loan Type: Refinance w/ Holdback — Ground-Up Construction
• Loan Terms: 24 months
• Projected Completed Value: $8,000,000
• Construction Costs Allocation: $4,040,000

Daniel Benarroch, representing Alto Capital, facilitated this refinancing transaction which underscores the firm's extensive experience, having funded over $3 billion in loans to diverse real estate projects. This detail illustrates the capabilities of Alto Capital in managing financing structures tailored for real estate developments.