facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Loan

/

Meyer Saffati Of Alto Capit...

Meyer Saffati Of Alto Capital Provides $5,584,670 Loan For Coconut Grove Residential Development
FINANCEDSingle Family Residence

Meyer Saffati Of Alto Capital Provides $5,584,670 Loan For Coconut Grove Residential Development

$5,584,670

$880/SF

Building Size

6,340 SF

Asset Type

Single Family Residence

Closing

Mar 1, 2026

AI

A $5.58 million loan was structured by Alto Capital under a Ground-Up Construction structure for a single-family residence located in Coconut Grove, Florida. The property has a total square footage of 6,340 and holds an estimated market value of $9.02 million. The loan supports a residential development project and is categorized as a construction loan, which is designed to assist the developer in maintaining capital control during execution in a supply-constrained market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,584,670
  • Lender: Meyer Saffati - Alto Capital
  • Loan Type: Construction
  • Loan Terms: 24 months interest only, 8.75% rate, 85% LTC
  • Note from Lender: Residential Development | Coconut Grove, FL

Meyer Saffati of Alto Capital was instrumental in structuring the financing for this project, demonstrating the need for capital that aligns with the pace of project execution. The transaction reflects a focused effort to facilitate development in one of Miami’s most competitive real estate environments.

Players

Alto Capital
Alto CapitalLender

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.84%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93