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

Property Image
FINANCED
$32,500,000

Florida

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Development Site80,087 SF
Financed 01/30/2024
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Property Image
FINANCED

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

9 Indian Creek Island Road

See Similar Deals
Development Site80,087 SF
Financed 01/30/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$405
Total Square Footage:80,087 SF
Transaction Type:Loan

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
David Burstyn
37 deals$694.4M volume(305) 507-7479
BROKER
Winston Capital Management
Winston Capital Management
LENDER

Details

FINANCED
IMAGE: David Burstyn DATE: 01/30/2024 ADDRESS: 9 Indian Creek Island Road MARKET: Indian Creek Village ASSET TYPE: Development Site ~ SF: 80,087 LENDER: David Burstyn (@DavidBurstyn) - Winston Capital Management LANDLORD: SMM Sunny Holding LOAN AMOUNT: $32,500,000 LOAN TYPE: Refinance LOAN TERMS: 4 year IO NOTE FROM LENDER: Winston Capital specializes in $5m to $100m real estate investment loans. It has the unique ability to close high profile loans in a very short period of time. Winston Capital Only Makes Business Purpose Loans to Real Estate Investors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,500,000.00

Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00