David Burstyn Of Winston Capital Management Provides $10M Land Loan For Development Site In Miami

The property asset involved in this transaction is a development site located at 1837 Northeast 4th Avenue, Miami. The loan amount for this site is $10,000,000, categorized as a land loan with a term of 1 year.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Lender: David Burstyn - Winston Capital Management
• Loan Type: Land loan
• Loan Terms: 1 year

David Burstyn's Winston Capital Management provided the funding for the loan, specifically aimed at supporting the developers of Edge house, a 50-story residential tower in Edgewater, Miami. Winston Capital Management focuses on business-purpose loans for real estate investors, offering expedited funding compared to traditional banks.