David Burstyn Of Winston Capital Management Provides $14M Bridge Loan For Fisher Island Oceanfront Condos

The asset involved in this transaction consists of two combined oceanfront condo units located at 7812 & 7822 Fisher Island Drive in Miami Beach. The total loan amount for the property is $14,000,000, secured through a bridge loan with a term of 18 months. The property is situated in one of the most expensive zip codes in the United States.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $14,000,000
• Lender: David Burstyn - Winston Capital Management
• Loan Type: Bridge
• Loan Terms: 18 months

The deal is represented by David Burstyn from Winston Capital Management, which specializes in business-purpose loans to real estate investors. The company is known for funding best-in-class assets in a matter of days, contrasting with the lengthy processes of traditional banks. Winston Capital engages in transactions ranging from $5 million to $100 million, focusing on easy-to-understand asset classes.