Meyer Saffati Of Alto Capital Provides $4.6M Construction Loan For Miami Single Family Residences

Two Single-Family Residences are located in the Morningside area of Miami, with a combined value of $8.4 million. The loan is a construction type structured under a Ground-Up Construction model for a total amount of $4.6 million, with a term of 24 months, fixed at a rate of 9.25%. This financing includes no personal guarantees and no prepayment penalty.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $4,600,000
• Lender: Meyer Saffati - Alto Capital
• Loan Terms: 24 months
• Note from Lender: Two Single-Family Residences. One Development Vision.

Meyer Saffati structured the refinancing of the properties, which strategically positions the assets in one of Miami-Dade’s most promising residential corridors, enabling construction progress and protecting liquidity.