Zuka Castillo Of Alto Capital Provides $3.83M Construction Loan For Pinecrest Single Family Residence
Florida
See Similar DealsZuka Castillo Of Alto Capital Provides $3.83M Construction Loan For Pinecrest Single Family Residence
Summary
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.
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