Updated Mar 11, 2025
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
About this deal
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
Indian Creek Village Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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