Zuka Castillo Of Alto Capital Provides $3.83M Construction Loan For Pinecrest Single Family Residence

A single-family residence is under development in Pinecrest, FL, featuring a total square footage of 6,993. The property is supported by a projected value of $6 million, with a loan amount set at $3,830,625 for construction purposes.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $3,830,625
• Loan Type: Construction
• Loan Terms: 24 months
• Lender: Zuka Castillo - Alto Capital
• LTV: ≈64%
• Fixed Rate: 8.99%

Zuka Castillo from Alto Capital executed a ground-up construction refinance with holdback financing, allowing for capital to support the building phase of the project. With a focus on timely development in the Pinecrest market, the structure of the financing ensures project continuity and reflects a commitment to meeting strategic capital needs.