facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

97601 Overseas Highway, Key...

Updated Mar 11, 2025

Winston Capital Management Provides $6M Bridge Loan To Key Marina Development In Key Largo
FINANCEDDevelopment Site

Winston Capital Management Provides $6M Bridge Loan To Key Marina Development In Key Largo

97601 Overseas Highway, Key Largo, Florida 33037, United States

$6,000,000

$34/SF

Building Size

176,000 SF

Asset Type

Development Site

Closing

Mar 27, 2022

About this deal

AI

Key Largo Land has successfully closed a development site transaction in Key Largo. The property, located at 97601 Overseas Highway, spans 176,000 square feet. The deal was facilitated by David Burstyn of Winston Capital Management, who provided a bridge loan of $6,000,000. The loan has a term of one year and has been secured for the development project by Key Marina Development.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Address: 97601 Overseas Highway, Key Largo
  • Market: Key Largo
  • Lender: Winston Capital Management represented by David Burstyn
  • Landlord: Key Marina Development
  • Loan Type: Bridge Loan
  • Loan Terms: 1 year

The successful closing of this deal showcases Key Largo Land's ability to provide funding for development projects without any complications. Key Marina Development, as the landlord, can now proceed with the development plans for the site with the financial support provided by Winston Capital Management. For more real estate opportunities, interested parties can reach out to David Burstyn directly via his Instagram account @davidburstyn.

Players

David Burstyn

Winston Capital Management

Broker

$748.8M

vol

39 deals

Broker
Winston Capital Management
Winston Capital ManagementLender

Key Largo Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

About $34 per square foot on a published $6M for 176,000 square feet (2022).

Visit David Burstyn to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets