Yamila Perin Of Alto Capital Provides $2.64M Construction Loan For North Bay Village Residence

The asset involved is a single-family residence located in North Bay Village, FL, with a total square footage of 4,342. It has an estimated market value of $5 million and is being developed under a Ground-Up Construction loan. The financing amount for this project is set at $2,643,160, with a loan term of 24 months and no prepayment penalty.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $2,643,160
• Market: North Bay Village
• Lender: Yamila Perin - Alto Capital
• Loan Type: Construction
• Estimated Property Value: $5 million
• Loan Term: 24 months
• Prepayment Penalty: None

Yamila Perin from Alto Capital is responsible for structuring the financing for this development project, highlighting the importance of how capital is structured in relation to the asset. Alto Capital's engagement emphasizes a tailored approach to financing new construction projects in South Florida.