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9 Indian Creek Island Road

David Burstyn's Winston Capital Management Provides $32.5M Refinance Loan For Indian Creek Village Development Site
FINANCEDDevelopment Site

David Burstyn's Winston Capital Management Provides $32.5M Refinance Loan For Indian Creek Village Development Site

9 Indian Creek Island Road

$32,500,000

$405/SF

Building Size

80,087 SF

Asset Type

Development Site

Closing

Jan 30, 2024

AI

Located in Indian Creek Village, the development site at 9 Indian Creek Island Road has undergone a refinance loan transaction. The property spans 80,087 square feet and is owned by SMM Sunny Holding.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $32,500,000
  • Loan Type: Refinance
  • Loan Terms: 4 year IO

The lender for this transaction is David Burstyn from Winston Capital Management. Winston Capital specializes in real estate investment loans ranging from $5 million to $100 million. Known for their ability to expedite high-profile loans, Winston Capital has provided the refinance loan for this development site.

NOTE FROM LENDER: Winston Capital Only Makes Business Purpose Loans to Real Estate Investors.

Players

David Burstyn

Winston Capital Management

Broker

$694.4M

vol

37 deals

Broker
Winston Capital Management
Winston Capital ManagementLender

Indian Creek Village Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93