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

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.