Meyer Saffati Of Alto Capital Secures $9.05M Construction Loan For Fort Pierce Project
FINANCED
$9,048,250
Florida
See Similar DealsSingle Family Residence3,029 SF
Financed 06/04/2025
FINANCED
Meyer Saffati Of Alto Capital Secures $9.05M Construction Loan For Fort Pierce Project
Single Family Residence3,029 SF
Financed 06/04/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,987
Total Square Footage:3,029 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,048,250.00
Monthly NOI$60,321.67
Monthly Debt Service$57,191.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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