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Winston Capital Management Provides $4.65M Bridge Loan For Waterfront Property In Miami

Property Image
FINANCED
$4,650,000
David Burstyn
KJ

Florida

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MultiFamily15,000 SF
Financed 08/04/2022
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Property Image
FINANCED

Winston Capital Management Provides $4.65M Bridge Loan For Waterfront Property In Miami

1161 Belle Meade Isle Drive, Miami, Florida 33138, United States

See Similar Deals
MultiFamily15,000 SF
Financed 08/04/2022
David Burstyn
KJ
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:15,000 SF
Transaction Type:Loan

A bridge loan was secured for a single-family residential property located at 1161 Belle Meade Island Dr in Miami. The property, measuring 15,000 square feet, sits on a waterfront lot and is owned by Kerby Jean Raymond. The loan amount provided by Winston Capital Management, represented by David Burstyn, totals $4,650,000. The loan terms stipulate a one-year duration.

Summary of transaction details:

  • Property Type: Single-Family Residential
  • Transaction Amount: $4,650,000
  • Address: 1161 Belle Meade Island Dr, Miami
  • Market: Miami
  • Asset Size: 15,000 square feet

David Burstyn, representing Winston Capital Management, facilitated the loan for this waterfront property owned by Kerby Jean Raymond. Burstyn expresses their affinity for waterfront properties and encourages direct messages for similar loan opportunities on his Instagram account, @davidburstyn.

Players

David Burstyn
Winston Capital Management
David Burstyn
37 deals$694.4M volume(305) 507-7479
BROKER
Winston Capital Management
Winston Capital Management
LENDER
KJ
Kerby Jean-Raymond
3 deals$15.8M volume
LANDLORD
KJ
Kerby Jean-Raymond
3 deals$15.8M volume
LANDLORD

Details

FINANCED
IMAGE: David Burstyn DATE: 04/08/2022 ADDRESS: 1161 Belle Meade Island Dr MARKET: Miami ASSET TYPE: SFR ~ SF: 15,000 LENDER: Winston Capital Management - David Burstyn LANDLORD: Kerby Jean Raymond - 1161 Belle Meade Islands Dr KJR LOAN AMOUNT: $4,650,000 LOAN TYPE: Bridge Loan LOAN TERMS: 1 year NOTE FROM LENDER: We love water front property. We are willing to move the needle for these types of loans. DM me direct! @davidburstyn

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,650,000.00

Monthly NOI$31,000.00
Monthly Debt Service$29,391.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00