Updated Jul 10, 2025
Meyer Saffati Of Alto Capital Secures $9.05M Construction Loan For Fort Pierce Project
$9,048,250
$2,987/SF
Building Size
3,029 SF
Asset Type
Single Family Residence
Closing
Jun 3, 2025
About this deal
AI
The asset involved in this transaction is a single-family property located in Fort Pierce, Florida, featuring a total square footage of 3,029. The loan amount secured for this new ground-up construction project is $9,048,250.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,048,250
- Lender: Meyer Saffati - Alto Capital
- Broker: Oscar Ladino - Reinvestar Capital Group
- Loan Type: Construction
- Loan Terms: 18 months
This transaction was facilitated through the efforts of Meyer Saffati, who represents Alto Capital, and broker Oscar Ladino, who represents Reinvestar Capital Group. Their collaboration underscores a commitment to supporting impactful real estate development in the Fort Pierce market.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93