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Winston Capital Management Refinances SFR In North Bay Village With $5.7M Bridge Loan

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FINANCED
$5,700,000

Florida

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MultiFamily7,531 SF
Financed 02/09/2023
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FINANCED

Winston Capital Management Refinances SFR In North Bay Village With $5.7M Bridge Loan

1331 Bay Terrace

See Similar Deals
MultiFamily7,531 SF
Financed 02/09/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$756
Total Square Footage:7,531 SF
Transaction Type:Loan

A 1 year bridge loan was secured for the refinance of a single-family residential property located at 1331 Bay Terrace in North Bay Village. The property has a total square footage of 7,531 square feet. The loan amount for the refinance was $5,700,000.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $5,700,000
  • Address: 1331 Bay Terrace
  • Market: North Bay Village
  • Loan Type: Refinance
  • Loan Terms: 1 Year Bridge Loan
  • Lender: Winston Capital Management - David Burstyn

David Burstyn from Winston Capital Management acted as the lender representative for this transaction.

Players

David Burstyn
37 deals$694.4M volume
LENDER

Winston Capital Management
LENDER

Details

FINANCED
IMAGE: David Burstyn DATE: 02/09/2023 ADDRESS: 1331 Bay Terrace MARKET: North Bay Village ASSET TYPE: SFR ~ SF: 7,531 LENDER: Winston Capital Management - David Burstyn (@DavidBurstyn) LOAN AMOUNT: $5,700,000 LOAN TYPE: Refinance LOAN TERMS: 1 Year Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,700,000.00

Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00