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330 Sunny Isles Blvd, Sunny...

Updated Mar 11, 2025

Winston Capital Management Provides $1.35M Bridge Loan For Parque Central PH2 Condo In Sunny Isles Beach
FINANCED

Winston Capital Management Provides $1.35M Bridge Loan For Parque Central PH2 Condo In Sunny Isles Beach

330 Sunny Isles Blvd, Sunny Isles Beach, Florida 33160, United States

$1,350,000

$385/SF

Building Size

3,500 SF

Asset Type

Closing

Mar 2, 2022

About this deal

AI

A bridge loan of $1,350,000 was recently closed on a condo property located at 330 Sunny Isles Blvd. in Parque Central PH2, Sunny Isles Beach. The property spans approximately 3,500 square feet and is owned by PH2, LLC, with Jerry Kaufman serving as the manager. Winston Capital Management provided the loan, with David Burstyn representing the lender.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,350,000
  • Property Square Footage: 3,500
  • Address: 330 Sunny Isles Blvd. - Parque Central PH2, Sunny Isles Beach
  • Market: Sunny Isles Beach
  • Landlord: PH2, LLC - Jerry Kaufman, Manager
  • Lender: Winston Capital Management - David Burstyn

This bridge loan, which has a term of 1 year, was closed in just 2 weeks. Winston Capital Management specializes in providing business purpose loans. For clients in need of a bridge loan, they can contact David Burstyn.

Players

David Burstyn

Winston Capital Management

Broker

$748.8M

vol

39 deals

Broker
Winston Capital Management
Winston Capital ManagementLender

Sunny Isles Beach CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Deal FAQ

About $385 per square foot on a published $1.4M for 3,500 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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